• Loading stock data...
Monday, July 14, 2025

Billionaire’s Bid to Save Pawtucket Baseball Stadium Gets Rejected 

  • McCoy Stadium was home to the minor league Pawtucket Red Sox from 1970-2020.
  • Real estate tycoon Stefan Soloviev offered to renovate the stadium to prevent it from being demolished.
McCoy Stadium was home to the minor league Pawtucket Red Sox from 1970-2020.
Syndication: The Providence Journal

Billionaire real estate developer Stefan Soloviev has offered to renovate McCoy Stadium to bring baseball back to Pawtucket. Still, the Rhode Island city’s mayor is instead committed to demolishing the ballpark to build a new high school.

The Providence Journal first reported news of Soloviev’s pitch to save McCoy Stadium. The ballpark was home to the Pawtucket Red Sox, the MLB’s team Triple-A affiliate, from 1970 through 2020 until the franchise moved to Worcester, Mass. A group led by longtime MLB executive Larry Lucchino purchased the Pawtucket Red Sox for over $20 million in 2015 and maintains ownership of the Triple-A club now in Worcester. 

Pawtucket Mayor Donald Grebien’s office spokesperson told Target 12 that the stadium land is “off the table” because voters approved a $330 million bond last year to demolish the stadium and build a new public high school on the land. 

Soloviev is the chairman of Soloviev Group and has a net worth of $2.3 billion, per Forbes. He is the son of real estate tycoon Sheldon Solow, who passed away in 2020.

USL Championship expansion team Rhode Island FC will debut in 2024 and had been planning to build a 10,000-seat soccer stadium in Pawtucket, but the project faces uncertainty after city officials paused on giving $27 million in public funding for the stadium. Last month, Rhode Island FC said it would play its inaugural 2024 season at Bryant University in Smithfield.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

MLBPA Chief Says League Missing Chance to Build On Success

Union leaders again call out perceived moves toward a salary cap.
exclusive

Cal Raleigh’s $11M Season a Steal As He Slugs His Way Into..

The Mariners star considers himself an everyday guy, while his play isn’t.
Phillies

Replacements Have MLB at Whopping 80 All-Stars

Players have criticized the replacement process as a popularity contest. 

MLB’s HR Derby’s $1M Prize Tops Salaries for Three Rising Stars

Three derby competitors could more than double their 2025 salary.

Featured Today

May 31, 2025; Philadelphia, PA, USA; Sydney McLaughin-Levrone (USA) reacts before the women's 100m hurdles during the Grand Slam Track Philadelphia at Franklin Field
exclusive

Track’s New Money Is Running Into Old Problems

The sport’s big-money era has hit some speed bumps in 2025.
Bobbleheads are seen at Vintage Indy Sports, Tuesday, April 29, 2025 in Speedway. The local sports memorabilia store opened recently.
July 12, 2025

Baseball’s Bobbleheads Are the Center of the Collectibles Universe

Baseball’s most important keepsake drives long lines—and big business.
Rimouski, QC - JUNE 1: Final Game of the 2025 Memorial Cup between the Medicine Hats Tigers and the London Knights on June 1, 2025, at the Colisée Financière Sun Life in Rimouski, Qc.
July 11, 2025

CHL Is Facing a ‘Pandora’s Box’ of Questions Amid NCAA Talent Departure

As players defect to college, the Canadian Hockey League won’t cede ground.
Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.
July 9, 2025

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
Oct 27, 2024; Philadelphia, Pennsylvania, USA; A general view of the Wells Fargo Center before game between Philadelphia Flyers and Montreal Canadiens.

New Philly Arena Will Redefine Home-Court Advantage, CEO Says

The forthcoming venue will arrive with plenty of ambition among its owners.
July 9, 2025

Browns $600M Stadium Deal Hit With Suit Over ‘Unclaimed’ Money

Ohio’s use of unclaimed funds for a new stadium is challenged legally.
April 19, 2022; Austin, TX, USA; Tim Leiweke of the Oak View Group speaks at a ribbon cutting ceremony for the Moody Center, a multi-purpose arena that will be home to concerts and the UT basketball teams on Tuesday April 19, 2022.
July 9, 2025

Oak View Founder Tim Leiweke Indicted for Alleged Rigged Arena Bid

The longtime sports executive leaves his day-to-day leadership role.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
July 8, 2025

Chiefs Delay Stadium Decision As Kansas Dangles Dome Dreams

Kansas legislators extend bonds for potential Chiefs and Royals facilities.
Jul 3, 2022; London, United Kingdom; Jannik Sinner (ITA) returns a shot during his match against Carlos Alcaraz (ESP) on day seven at All England Lawn Tennis and Croquet Club.
July 7, 2025

Wimbledon’s Expansion Battle Looms Over Star-Studded Quarterfinals

The expansion’s loudest opposition is Save Wimbledon Park.
July 2, 2025

Commanders’ $3.8B Stadium Deal in Jeopardy? Mayor Sounds the Alarm

Political tensions rise about delays in stadium funding approval.
July 1, 2025

$600M for Browns Stadium Sparks Cleveland Backlash, Possible Lawsuit

The awarding of public funds draws criticism and could bring a lawsuit.