- Associated Press - Tuesday, April 21, 2015

PROVIDENCE, R.I. (AP) - The Rhode Island Commerce Corporation has approved the contracting of two consulting firms to help decide the future of the vacant Interstate 195 land in Providence.

One firm will consider the highest and best use for the land available for development. The other will advise and counsel government officials on a request from the Pawtucket Red Sox to construct a new minor league baseball stadium.

Owners are requesting $120 million from the state over 30 years for a lease-sublease arrangement, along with no city property taxes for 30 years and rents of about $1 a year.

Officials say they expect the consultants’ work to be completed by the end of summer.

The consultants could receive up to $150,000 each for their work.


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