Worcester Business Journal

wbjournal.com | May 13, 2019 | Worcester Business Journal 5 B R I E FS Worcester jumps into the ring for Hasbro Worcester has made preliminary inroads as the city looks to lure toy- maker Hasbro from Pawtucket, and a possible location could be within the $240-million ballpark and mixed-use development to be the new home of the Pawtucket Red Sox. In an April 23 email to Lt. Gov. Karyn Polito's office, Chief Development Offi- cer Michael Traynor asked the state to help the city court the company. Hasbro, with a market value of $12.7 billion, has publicly said it is mulling whether or not to leave Rhode Island. Saint Vincent Hospital names new CEO Saint Vincent Hospital has named a new CEO in Carolyn Jackson, who will also oversee operations for parent com- pany Tenet Healthcare across Massa- chusetts. Jackson was most recently the COO for the Hospital of the University of Pennsylvania. She begins and suc- ceeds Jeffrey Welch, who le in July to oversee Tenet hospitals in Miami. Midtown Mall sold at $4M e Midtown Mall has been sold to a Worcester property manager for $4 mil- lion as the previous owner was expected to submit a detailed redevelopment plan, aer the city threatened to take it via eminent domain. e property was sold to 10-30 Front Street LLC., an enti- ty controlled by Felicio Lana of North- east Properties. e real estate company controls 37 properties. e Midtown Mall has been a con- stant topic for the Worcester Redevel- opment Authority due to concern the property is falling far behind the status of other nearby downtown properties. Call them the Worcester Red Sox In advance of its move to the Canal District in 2021 and after having a fan idea contest, the Pawtucket Red Sox minor league baseball team has trademarked three possible Worcester names: Worcesters, Wicked Worms and Ruby Legs. Last year, a Minor League Baseball lawyer trademarked WooSox. The team has not officially committed to keeping the Red Sox brand, but as part of its agreement with the city, the team is required to keep the word "Worcester" in its name. When polled online, nearly 9 out of 10 WBJ readers said the team should be called the Worcester Red Sox. F L AS H P O L L What should the name be for the minor league baseball team moving to Worcester in 2021? IPG CEO Gapontsev to settle Russian oligarch suit e Russian-American billionaire CEO of Oxford laser manufacturer IPG Photonics and U.S. Department of the Treasury will meet before a magistrate judge in an attempt to settle a lawsuit challenging the Treasury's designation of the executive as a Russian oligarch. Both sides said they hope to find a res- olution by May 24. Valentin Gapontsev, a Worcester resident and dual Russia-U.S. citizen, has maintained his wealth -- just under $2 billion -- is directly tied to his company and the laser technology he invented while living in Russia. At issue is the Treasury's oligarch list, compiled in 2017 at the behest of Congress and the Countering America's Adversaries rough Sanctions Act en- acted to punish U.S. enemies Russia, Iran and North Korea via sanctions. Boston developer purchases Mission Chapel Boston developer Traggorth Cos. has purchased the former Mission Chapel building on Summer Street in Worcester for $337,500 with plans to redevelop the space next to Saint Vincent Hospital into seven apartments. Traggorth will invest about $5 million into the project. 55-plus housing proposed for former Milford school Local developer Kevin Lobisser is proposing to renovate a vacant middle school in Milford and build 38 units of 55-plus housing on Main Street. He has filed a special permit for the project at 45 Main St. in the former 61,000-square- foot Middle School East building. e building, constructed in 1923, closed in 2016 school year. Lobisser purchased it last April for $115,000. Worcester Ruby Legs Worcester Red Sox 87% 4% Ignite your employees' interest with a modern plan design. Learn more: Get "Does your re rement plan address these 6 essen al elements?" hhconsultants.com/ignite Cloud-computing firm returing to MetroWest Nasuni, a cloud computing company founded in Natick before it moved to Boston, is expanding into Marlborough for its engineering operation. e office at 313 Boston Post Road West is planned to have 48 people by the end of the year. Hopkinton software firm raises $6M Veruna, a Hopkinton company specializing in insurance technology soware, has completed a $6-million funding round. Funding came from two prominent unnamed insurance carriers, the company said May 1. e money will fund a general expansion. 2% 7% The Worcesters Worcester Wicked Worms "The only name that will deliver financial success for the city is Worcester Red Sox." Comments "Worcester Red Sox is uninspired, but the others are just horrible. So definitely Worcester Red Sox." "How about the Canal Diggers?" W

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