Important that vetoes don’t stop big deal

Gov. Lincoln D. Chafee’s veto of legislation that would have given the Providence Redevelopment Authority the power to construct buildings reveals a principled, if wrongheaded, approach to economic development. More

To continue reading this article, please do one of the following.



PBN Editorial

Important that vetoes don’t stop big deal

Posted 7/22/13

Gov. Lincoln D. Chafee’s veto of legislation that would have given the Providence Redevelopment Authority the power to construct buildings reveals a principled, if wrongheaded, approach to economic development.

The bills were an important part of the proposed $260 million redevelopment plan for the South Street Power Station in Providence.

The governor noted in his veto statement that the private sector is better suited for real estate development than the public sector. This sentiment is appealing, but it does not recognize the important role the public sector has in economic development, especially in a state as weak as Rhode Island.

In addition, Gov. Chafee noted that there was “no principled reason” to give such power to an agency only in a city with more than 100,000 residents, as if the needs of Providence are identical to those of Little Compton (with fewer than 4,000 residents).

The key to resolving this problem is for the legislature to pass a more well-thought-out bill early next year, one that keeps this important project on track and smart development policies in play. •

No comments on this story | Add your comment
Please log in or register to add your comment
Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News