1-195 Redevelopment Commission

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

This week Mark and Dave debate property tax deals with attorney Nicholas Hemond, who works with the law firm Darrow-Everett. Their conversation includes efforts to standardize property tax breaks in Providence and spur development on the former I-195 land. 

When to listen:

You can hear The Bottom Line each Friday at 5:50pm.

RIPR FILE

Rhode Island’s General Assembly and Gov. Gina Raimondo have reached agreement on her first state budget. RIPR political analyst Scott MacKay on what the new budget will do and what it lacks.

The $8.7 billion state budget for the financial year that begins three days before the Bristol 4th of July parade  seems greased for approval at the Statehouse. As is usually the case, this spending and taxing plan contains elements Rhode Islanders should cheer yet   fails to address some of our little state’s crying needs.

Ian Donnis/File Photo / RIPR

In a bold move, Senate Majority Leader Dominick Ruggerio (D-Providence) submitted legislation Thursday proposing tax stabilization standards for the 195 District in Providence.

Happy Memorial Day Weekend! Mea Culpa: Please see Number 1A (below). We're breaking from TGIF's usual format this week to look at key questions facing Rhode Island at the traditional start to summer. While the season of beaches and barbecues is generally a more relaxed time, a lot of significant outcomes hang in the balance. So thanks for stopping by. Feel free to share your thoughts and tips at idonnis (at) ripr (dot) org, and to follow me on the twitters. Here we go.

Citing economic benefits, the foundation’s Board of Trustees have voted to endorse the proposed relocation of the Pawtucket Red Sox from McCoy Stadium to a new riverfront site in the 195 land in downtown Providence., according to executive director Dan Baudouin of the foundation.

The foundation, a business-backed non profit organization, stated in a news release that state and city officials should pursue a financial partnership that is "fair to all parties."

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