Providence

Ian Donnis / RIPR

Providence Mayor Jorge Elorza on Wednesday touted his proposed $696 million budget for the fiscal year starting July 1 as a way to continue the capital city's financial recovery while making it more business-friendly.

Ian Donnis / RIPR

Providence Mayor Jorge Elorza is slated to deliver his first budget address Wednesday. The capital city is facing a sizeable deficit.

The budget hole could be as large as $23 million. That’s a lot less than the deficit former Mayor Angel Taveras called a fiscal hurricane, but it’s still a significant gap to fill.

Mayor Jorge Elorza has pledged to cultivate broad-based economic growth, while holding the line against tax increases. Complicating the outlook is the fact that Providence needs to negotiate new contracts for teachers and municipal workers.

The owner of the Victory Place parcel near Davol Square, JAG Investment Realty, on Tuesday suggested the site as an alternative location for creating a stadium for the Pawtucket Red Sox.

Ian Donnis / RIPR

Boston Red Sox president and CEO Larry Lucchino, a managing partner of the Pawtucket Red Sox, was in Rhode Island to speak with the 195 District Commission Monday about the PawSox's proposal for a new stadium in ballpark. Lucchino sat down with me ahead of the commission's meeting to discuss the proposal.

Two co-owners of the Pawtucket Red Sox are slated to make a pitch on their Providence stadium proposal to the 195 Redevelopment Commission Monday. Boston Red Sox president and CEO Larry Lucchino will be one of those speaking to the commission. The move comes as the team has indicated some flexibility in its proposal for a Providence ballpark, including possibly buying the land for it.

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