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PawSox owners prepare to move team to Worcester

The Pawtucket Red Sox have concluded a lengthy search for a new home by choosing Worcester for a modern ballpark, closing an era for the minor league affiliate in Rhode Island that dates to 1973, according to a source familiar with the team’s plans.

The location is believed to be in Worcester’s Canal District, an area near downtown and Interstate 290 that has been the target of redevelopment efforts. Team officials, led by former Boston Red Sox executive Larry Lucchino, were preparing to make an announcement in Worcester Friday afternoon, the timing precipitated by a municipal aid package that is expected to go to the City Council for a vote next week.