Pawtucket soccer stadium adviser cited ‘concerns’ about the project


PAWTUCKET – This summer, when construction work on the new Tidewater Landing soccer stadium was on hold due to money problems, the city’s bond adviser on the project abruptly walked out the door.

In an Aug. 16 letter to Mayor Donald Grebien, Hilltop Securities, a national financial services firm with a long history in Rhode Island, told the city it had “concerns about the proposed stadium transaction and bond offering” and would no longer be working on the project.

Hilltop directors David Medanich, Michael Bartolotta and Maureen Gurghigian said the firm had previously “detailed” the concerns to the city but did not spell them out in the August letter.


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