PAWTUCKET, R.I. (WPRI) — Pendulum Studio II, LLC has been tapped by the state, city of Pawtucket, and Pawtucket Red Sox to perform a study of McCoy Stadium.

The announcement Monday comes more than three months after the state began asking for proposals.

The contract was awarded upon unanimous agreement.

The intent of the study is to assess whether the 74-year-old ballpark and surrounding area is still a suitable home for the team, taking into account cost estimates for significant repairs, upgrades, system replacements, and/or improvements. If implemented, officials said the changes would reflect the current trends in the design of professional ballparks.

The study will cost $105,000, which will be split evenly between the team, the city, and the state, officials said.

“What we do want to focus is what we have which is a very historic stadium and what opportunities there are for the future,” stated Jonathan Cole, owner of Pendulum Studio II.

Pendulum, of Kansas City, MO, has directed design efforts for more than 20 minor league ballparks, including AutoZone Park in Memphis, TN; Fifth Third Field in Dayton, OH; and BB&T Ballpark in Winston Salem, NC.

“We are looking forward to seeing the assessment early next year, and we know Pendulum’s impressive background and expertise will provide our collaborative team with insight into the future of the stadium.  The State will continue to collaborate with the Pawtucket Red Sox and the City of Pawtucket as the vendor moves through the process,” said Rhode Island Department of Administration Director Michael DiBiase.

The study is expected to be completed no later than January 2017.

“We do think there are some fundamental structural needs as well as some modern amenities that have to be considered,” explained Larry Lucchino, Chairman for the Paw Sox.

Last year, the team was looking to build a new stadium on the Providence waterfront, but the effort fell through. The team’s initial proposal asking for $120 million in state subsidies faced strong public opposition.

The team’s ownership said they conducted their own study of McCoy Stadium, which stated it would cost $65 million to get the ballpark up to their standards. The full study was never released publicly, however, despite repeated requests from Mayor Donald Grebien.

“We’re going back to the original study in 1998 and we’re asking everybody see all of the studies, from that one, going forward, which would include these,” Grebien said back in June. “So that way there, it’s a fair process. We’re in this together as their partnership and we all have value and skin of the game, if you will.”

Grebien said he wants the process to be transparent.