[1][2] The stadium was first announced on December 3, 2019, by then-Governor Gina Raimondo and Pawtucket Mayor Donald Grebien at an estimated cost of US$80 million, with a seating capacity of 7,500.

[5] The stadium was expected to open by 2022, ready for the Rhode Island FC to begin play in the 2022 USL Championship season.

With worries over safeguards and guarantees over public money being used properly,[11] with the need of private funding and multiple rounds of grants to help contribute to construction.

[17] Public bonds again were again withheld in March 2023, citing market worries due to rising inflation and continued effects from the COVID-19 pandemic.

[18] By early 2024, all funding for the stadium had been secured, mostly in the form of bonds expected to be paid back over a time period of thirty years,[19][20] totaling around $54 million.