Worcester Business Journal

August 6, 2018

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wbjournal.com | August 6, 2018 | Worcester Business Journal 3 Editor, Brad Kane, bkane@wbjournal.com News Editor, Grant Welker, gwelker@wbjournal.com (Real estate, higher education) Staff Writers Zachary Comeau, zcomeau@wbjournal.com (Manufacturing) Emily Micucci, emicucci@wbjournal.com (Health care) Contributors Susan Shalhoub Livia Gershon Research Director, Stephanie Meagher, smeagher@nebusinessmedia.com Research Assistant, Heide Martin, hmartin@nebusinessmedia.com Production Director, Kira Beaudoin, kbeaudoin@wbjournal.com Associate Art Director, Mitchell Hayes, mhayes@wbjournal.com Senior Accounts Manager Matt Majikas, mmajikas@wbjournal.com Senior Accounts Manager Christine Juetten, cjuetten@wbjournal.com Senior Special Accounts Manager Mary Lynn Bosiak, mlbosiak@wbjournal.com Marketing & Events Manager Kris Prosser, kprosser@wbjournal.com Events & Marketing Intern Megan Irish, events@wbjournal.com Distribution and Database Coordinator A Guide to STUFF, a publication of New England Business Media Patty Harris, pharris@nebusinessmedia.com COO, Mary Rogers, mrogers@nebusinessmedia.com Accounting Manager, Valerie Clark, vclark@nebusinessmedia.com Accounting Assistant, Rae Rogers, rrogers@nebusinessmedia.com Collections Manager, Raki Zwiebel, rzwiebel@nebusinessmedia.com Human Resources, Jill Coran, jcoran@nebusinessmedia.com Publisher, CEO, Peter Stanton pstanton@nebusinessmedia.com Associate Publisher, Mark Murray mmurray@wbjournal.com President, Joseph Zwiebel jzwiebel@nebusinessmedia.com Worcester Business Journal (ISSN#1063-6595) is published bi-weekly, 24x per year, including 4 special issues in May, September, October, and December by New England Business Media. 172 Shrewsbury St., Worcester, MA 01604. Periodicals postage paid at Worcester, MA. Copyright 2018. All rights reserved. Postmaster: Please send address changes to: Worcester Business Journal, PO Box 330, Congers, NY 10920-9894. Subscriptions: Annual subscriptions are available for $54.95. For more information, please email wbjournal@ cambeywest.com or contact our circulation department at 845-267-3008. Fax: 845.267.3478 Advertising: For advertising information, please call Mark Murray at 508-755-8004 ext. 227. Fax: 508-755-8860. Worcester Business Journal accepts no responsibility for unsolicited manuscripts or materials and in general does not return them to the sender. Worcester Business Journal 172 Shrewsbury Street, Worcester, MA 01604 508-755-8004 tel. • 508-755-8860 fax www.wbjournal.com A division of: Worcester Business Journal WBJ H eading into press day last week, News Editor Grant Welker read over this edition's editorial, "Central Mass. is better off without a casino" on page 21 in the Opinion sec- tion and decided to play devil's advocate. e editorial, which I write with Pub- lisher Peter Stanton for every issue, argues by not having a casino like the $960-mil- lion MGM Springfield resort, Central Massachusetts avoids the seediness accompanying large gambling establish- ments while not losing out on its own cultural development, as the state's casinos are legally prohibited from competing with places like Worcester's Hanover eatre. Welker, though, pointed out the edito- rial uses the likelihood the Pawtucket Red Sox will move to Worcester as evidence the region's cultural star is rising. en he asked, what is better: a $960-million resort casino contributing $26 million in annual municipal taxes as MGM is in Springfield, or a minor league baseball team playing in a stadium using tens of millions of dollars in public funds? Back in December, Welker wrote a story looking at the value of publicly funded stadiums and found most govern- ment officials overinflate their worth. A minor league ballpark's economic impact is roughly akin to that of a shopping mall, so the maximum amount of public funds used on such an endeavor should be between $5 million to $10 million. Even though city officials have remained tight-lipped, by all accounts Worcester's tentative deal with the PawSox is better than the $38 million in public funding Rhode Island has offered the team. So, would I rather have a privately funded casino or a publicly funded stadi- um? My answer is neither. Central Massachusetts is better off without a resort casino. Having covered the two Connecticut casinos from my time at the Hartford Business Journal, I know the surrounding communities aren't improved by the existence of a gambling resort. But Worcester doesn't need to pony up $50 million either to bring in a minor league baseball team. e city A private casino or a publicly funded stadium? I N T H I S I S S U E should understand the value it brings as a sports market and negotiate from a place of strength, not compete public dollar for public dollar against Rhode Island. Central Mass. has positive momentum all on its own. - Brad Kane, editor W NEWS & ANALYSIS DEPARTMENTS 4 Central Mass. In Brief 5 Flash Poll 12 Focus on Hospitality & toursim 16 The List: Top tourist attractions 17 The List: Hotels 18 Know How 19 Movers & Shakers 20 Photo Finish 21 Opinion 22 Shop Talk: Emily Rosenbaum, Worcester JCC 10 Cutting the cord After slashing its workforce, SeaChange hopes to rebound through streaming services like Netflix. 21 Tariffs hurting New England Viewpoint columnist James T. Brett says the Trump Administration's trade war with Canada and Mexico is causing Massachusetts businesses to suffer. CORRECTION: A Power 50 article about Jill Dagilis in the July 9 edition incorrectly implied Dagilis was a member of the Worcester Redevelopment Authority board. She did not serve on the formal board but on its citizens advisory committee.

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