development

The board of the state Commerce Corporation this week approved incentives to help two companies expand in Rhode Island. State Commerce Secretary Stefan Pryor stopped by our studio yesterday to discuss a range of other issues involving economic development

UNITE HERE, Local 217, the hotel workers' union, is poised to support the Fogarty Building hotel project slated for a vote Tuesday by the Providence City Council's Finance Committee, if the committee backs an amendment ensuring a higher wage for workers at the hotel.

However, the Procaccianti Group, which is seeking a 13-year tax stabilization agreement to build a nine-story extended stay hotel on the site of the vacant Fogarty Building, questions whether requiring certain wages as part of the deal is legal.

Ian Donnis / RIPR

A proposed ballpark for the PawSox in Providence and the vacant so-called Superman Building might seem to have little in common. Yet both raise questions involving economic development and the possible use of taxpayer subsidies. 

RIPR file photo

Developer Arnold "Buff" Chace's Cornish Associates has completed its purchase of the historic Providence Journal building at 75 Fountain St. in downtown Providence, teaming up with Massachusetts-based Nordblom Company on the deal.

The purchase includes two parking lots at 78 Fountain St. and 1 Eddy St.

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.

After two snow-packed months, the apparent settling of the pension conflict, and Lincoln Chafee's surprising emergence as a possible presidential hopeful, Rhode Island confronts a sharp debate involving baseball, public dollars, and the future of the state. No pressure, right? Thanks, as always, for stopping by for my weekly column. Feel free to drop me a line at idonnis (at) ripr (dot) org, and to follow me on the twitters. Here we go.

RIPR File Photo

Developer Arnold "Buff" Chace Jr. is working to acquire the Providence Journal Building at 75 Fountain Street, and he expects the ownership of the property to be resolved by the end of this month.

Working with "an outside investment company" that he declined to identify, Chace said he has the Journal property under a tentative purchase agreement. He said he's pursuing a review of the condition of the site, which includes two parking lots. Chace declined to discuss terms for a possible acquisition of the property.

RIPR FILE

An economist who has studied the impact of sports stadiums says Rhode Island should be wary of committing taxpayer dollars to pay for construction on a new facility for the PawSox. 

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

This week, Dave and Mark talk with Warwick Mayor Scott Avedisian about new developments going up in the state’s second largest city.

When to Listen

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

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. news@ripr.org

The incoming administrations are assembling their staffs (read on), as time ticks down for the Class of 2010. Thanks for stopping by for my weekly column. As always, feel free to share your thoughts and tips via idonnis (at) ripr (dot) org, and to follow me on the twitters. Here we go.

Ian Donnis/File Photo / RIPR

Pablo Rodriguez joins the Political Roundtable this week as we discuss the troubled rollout of Obamacare; back and forth over pensions; the merits of tax stabilization in Providence; and the Democratic race for lieutenant governor.

National Institute of Mental Health

Stress can affect developing brains, including the kind of stress that poverty can create. But a strong caregiver can mediate those effects. Those are the findings of a new study in the Journal JAMA Pediatrics. It's not news that stress and poverty can have negative effects.

This week marked the one-year point until Rhode Island's decisive 2014 primary. Welcome back to my Friday column. Feel free to drop me a line at idonnis (at) ripr (dot) org and to stay posted via Twitter. Let's head in.

RIPR file photo

In the best of all possible worlds, Providence's iconic Superman Building would be revived as housing that would add downtown residents and reduce the amount of prime office space. Yet Providence Mayor Angel Taveras isn't ruling out the possibility that the structure might have to be leveled.

During an appearance last weekend on WJAR-TV's 10 News Conference, Taveras said: