Worcester Business Journal

wbjournal.com | October 29, 2018 | Worcester Business Journal 7 wrote July 31, "you said you are worried whether the town of Weymouth could bond a ballpark for you team. Let me reassure you, once again and this time in writing, yes we can!" Hedlund said the ballpark would be paid through a new local property tax revenue through a so-called district improvement financing – the same mechanism Worcester is using with the December 7, 2018 7:30 - 10:30AM Beechwood Hotel, Worcester Cost: $45 Pre-registration required. CENTRAL MASSACHUSETTS HealthCare FORUM A Worcester Business Journal Event CENTRAL MASSACHUSETTS HealthCare FORUM A Worcester Business Journal Event Central Massachusetts has been a long time leader when it comes to innovations and fresh approaches to the delivery of healthcare. High quality hospitals and pro- viders have all worked to improve care and contain costs, and new tools and new approaches to managing the patient population are delivering results. The high cost of healthcare delivery in Massachusetts remains a top concern of business and state leaders, and a steady focus on streamlining care and making the system more efficient remains critical. We'll explore how local providers are using better data and new technologies to create a more efficient approach to care. HEALTH CARE INNOVATIONS AND THE IMPACT ON COST CONTAINMENT Corporate Sponsor Exhibitor Ascentria Care Alliance Massachusetts Health Connector Please join us for this annual forum that will feature an in depth conversation about important trends and innovations in healthcare that affect the cost and delivery of services to our region and the state. Presenting Sponsors KEYNOTE SPEAKER Soma Stout, MD, MS Vice President at the Institute for Healthcare Improvement, and Executive Lead of 100 Million Healthier Lives To register or for more event information visit www.wbjournal.com/ healthcareforum Canal District to capture new revenue and divert it to paying off debt. Hedlund draed a memo to the Weymouth Town Council on May 31, proposing the district improvement financing and a dense mixed-use site including glass buildings just beyond the stadium's outfield walls. Weymouth's proposal was even more generous to the team than Worcester's. e team wouldn't have been re- quired to pay any upfront costs — in comparison to Worcester, where it will pitch in $6 million to start. In Weymouth, the team would have paid $250,000 each year into a capital main- tenance fund for the park. In Worces- ter, the team is obligated to create and fund a maintenance fund, though revenue for the fund will come from $1 surcharge on each ticket sold. e 11-member Weymouth Town Council was never ultimately presented with the plan, according to the mayor's office. e Patriot Ledger, a Quincy newspa- per, reported in September the PawSox did not want to be involved in project at Union Point under the then-CEO of developer LStar, Kyle Corkum. LStar's manager and partner, Steven Vining, was reported as telling Corkum the team would not consider moving to Weymouth if he was involved. LStar has sued Corkum for misspending funds. Continued on next page

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