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The team has declined to give a purchase price on the sale to Diamond Baseball Holdings, but at the request of WBJ, a Holy Cross professor has estimated the team's valuation based on revenues, market size, and the new stadium.
The Worcester Red Sox on Tuesday afternoon officially announced the team will be sold to Diamond Baseball Holdings, a corporation based in New York City with more than 20 minor league baseball teams across the country.
Diamond Baseball Holdings, a corporation that owns more than 20 minor league baseball teams across the United States, has reached an agreement to purchase the Worcester Red Sox, according to reporting by the Boston Globe
Rising costs on everything from construction loans to building materials are slowing some projects and delaying the start of others.
The Ballpark Commission, which oversees certain aspects of Polar Park programming, will remain in place, following an 8-1 vote in favor of keeping it at a Worcester city council meeting.
As was the case for the first two years of debt payments, the saving grace for the current fiscal year 2023 and the next fiscal year 2024 is a $3-million property sale from 2021.
Worcester Business Journal has been honored by the New England Newspaper & Press Association for coverage of diversity, equity, and inclusion issues, along with Polar Park, opinion commentary, editorial cartoons, and special sections on
Of the 21 corporate sponsors who initially signed on as Founding Partners for the Worcester Red Sox ahead of their inaugural season, 16 have so far committed past the initial three-year term to renew their relationship with the team until at least
An academic paper has used the $160-million Polar Park in Worcester as one of two examples of the problem of the pro forma model, saying the ballpark will saddle the city government with fiscal deficits up to $60 million.
After surviving 2020, Worcester retailers are closing their business or reducing operations in the face of mounting problems in 2023.
The Worcester Red Sox plan on temporarily taking over the space set aside for the delayed Left Field Building, which is part of a five-building planned development slated to help pay for the $160-million public baseball stadium.
In December 2022, the WBJ Editorial staff made 10 predictions of what this year’s headlines would bring. They were bold, and they were mostly wrong. We got three right. Here are our predictions and what actually happened.
A joint venture of Gilbane Building Co. of Providence, Rhode Island and Hunt Construction Group, Inc. of Indianapolis, Indiana agreed to pay $1.9 million to resolve allegations that it misrepresented allocation of work to disadvantaged businesses
Trivia question: What $160-million public facility opened in Worcester’s Canal District in 2021?
When Polar Park was first announced in August 2018, Worcester's pay-for-itself plan for it was centered around six proposed buildings from Boston developer Madison Properties. But that development has since significantly shrunk in size and been
Worcester restaurant Maddi’s Cookery and Taphouse, the second location from the owner of the Depot Street Tavern in Milford, will close on Saturday, becoming the fifth Canal District eatery to close in a few months.