Development
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Recently there has been much discussion about the various means of public support for private historic rehabilitation and other construction projects. There has been criticism, some of it justified, of specific instances of the use of government tools – such as tax-stabilization acts – for promotion of economic activity. While this type of review is always healthy, there is a distinct danger that the larger picture will be missed. more
An agreement has been reached between Commonwealth Ventures LLC and the Heritage Harbor Museum Corporation to allow redevelopment of the South Street Power Station into an academic and nursing-school complex to go forward. more
For the second consecutive year, Rhode Island and Providence will throw competing highway and mass-transit expansion plans into the race for federal transportation funding. more
At the Foundry complex in Providence, owners are poised to fill the remaining vacant portions of the historic former Brown & Sharpe Mill with luxury apartments. more
Three years ago, the Rhode Island chapter of the Associated Builders and Contractors Inc. spent nine months getting permit approvals for a small, $30,000 office renovation in Pawtucket that its president says should have taken a month. more
The public may never know what proposals the Interstate 195 Redevelopment District Commission turns down for the 20 acres of former highway land under its control, known as The Link. more
Providence is encouraging transit-oriented development in two neighborhoods most residents may not associate with transportation or potential growth. more
In Middletown, the owners of Atlantic Beach Hospitality Group have resurrected plans suspended during the recession to replace the Knights Inn motel on Aquidneck Avenue with a higher-end, 198-room hotel. more
BARRINGTON – St. Andrew’s School has refinanced more than $16 million in bonds with RBS Citizens Financial Group, allowing the school to pursue construction projects while improving cash flow. more
Nearly a year ago High Rock Development proposed a mixed, commercial/residential redevelopment of 111 Westminster Street in Providence, using up to $75 million in public support. The latter ranged from state and federal historic rehabilitation tax credits to city property tax breaks and $39 million in direct state subsidies. more
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