On December 2, 2019, under the leadership of Brett M. Johnson, the co-founder and owner of Rhode Island FC, it was announced that a USL Championship team playing in a new soccer-specific stadium in Pawtucket, Rhode Island would be a centerpiece for a large development project to be named Tidewater Landing.

[1] The stadium was proposed to seat at least 10,000 fans[2] and be connected to shops, apartments, offices, and a hotel in a $400-million plan.

Plans moved slowly due to inflation and supply-chain delays caused by COVID-19, and costs increased from initial projections.

The team reported success with the deposits with more than 2,500 in the first week, exceeding volume from any previous USL franchise at their debut.

By December, the team reported receiving season ticket deposits from customers in each of Rhode Island's 39 cities and towns.

Rhode Island FC set the single-season USL Championship record for most draws, at 15.

After defeating Indy 3-2 in their first playoff game, RIFC traveled to Players' Shield winners Louisville City FC, beating them 3-0.

[18] Additional funding was obtained by the owners from unnamed investors for the stadium, and full financial support for construction was announced on August 9, 2023, and bonds were issued in early 2024 to complete the financing.

The team noted that the anchor has been historically a symbol of Rhode Island since 1647, and the modern design in the crest gives evidence of "hope" and being "grounded in the community".

Chip is an anthropomorphic harbor seal, who loves football and roots for RIFC as his favorite team.

[33][34] Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.