historic tax credit http://ripr.org en The Bottom Line: The Future Of The Dynamo House http://ripr.org/post/bottom-line-future-dynamo-house <p>Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday they look at business news and themes that affect local business and the public.</p><p>This week Dave and Mark talk with Providence Business News staff writer Patrick Anderson. They discuss potential development of the old Providence waterfront power plant called Dynamo House. It’s entangled in ownership, legal and regulatory issues.</p><p> <strong>When to Listen</strong></p> Fri, 17 Jan 2014 22:31:18 +0000 Dave Fallon & Mark Murphy 27834 at http://ripr.org The Bottom Line: The Future Of The Dynamo House Division of Taxation Hands Out Historic Tax Credits http://ripr.org/post/division-taxation-hands-out-historic-tax-credits <p>The Rhode Island Division of Taxation held a drawing Tuesday to award just $35 million in state historic tax credits.&nbsp; The General Assembly voted earlier this year to reopen the historic tax credit program.</p><p></p><p></p><p>The Division of Taxation used a drawing to pick who would get the tax credits since demand outstripped supply. State Tax Administrator David Sullivan says the recipients comprise a variety of projects expected to boost the economy.</p> Wed, 28 Aug 2013 13:38:30 +0000 Ian Donnis 20756 at http://ripr.org Division of Taxation Hands Out Historic Tax Credits RI Historic Preservation Tax Credit Lottery is tomorrow http://ripr.org/post/ri-historic-preservation-tax-credit-lottery-tomorrow <p>The Rhode Island General Assembly and Gov. Lincoln Chafee approved legislation reinstating historic tax credits that are used as a spur to help finance restoration of historic buildings in the Ocean State. Tomorrow, the RI Division of Taxation will hold a lottery drawing for the reopened tax credit program.</p><p>The program has been generally closed since 2008, according to a statement from Neil Downing, the division’s chief revenue agent. But some projects were grandfathered in and have been proceeding. But about $34.5 million in credits available but unclaimed as of May 15, 2013.</p> Mon, 26 Aug 2013 20:03:59 +0000 Scott MacKay 20657 at http://ripr.org RI's Division of Taxation Reopens Historic Tax Credit Program http://ripr.org/post/ris-division-taxation-reopens-historic-tax-credit-program <p>The Rhode Island Division of Taxation says scores of applications have come in to receive millions of dollars in tax credit.&nbsp; Applicants of the program must come up with a detailed plan to rehabilitate historic structures in the state.&nbsp;</p><p>Neil Downing, with the Division of Taxation, says 41 projects have submitted applications for $54.5 million in credits.&nbsp; As a result, a drawing will be held at the end of the month to determine which project will pick up the credits.</p> Tue, 06 Aug 2013 20:18:59 +0000 Talia Ghazal 19622 at http://ripr.org The Bottom Line: Redesigning Historic Spaces http://ripr.org/post/bottom-line-redesigning-historic-spaces <p>Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday they look at business news and themes that affect local business and the public.</p><p></p><p>This week Dave talks with Rhode Island School of Design professor Liliane Wong. She heads the interior architecture department at RISD, has published about adaptive reuse in design, and is a registered architect. They discuss the promise and challenges of turning old buildings into new spaces.</p><p></p> Fri, 26 Jul 2013 20:36:35 +0000 Dave Fallon & Mark Murphy 19090 at http://ripr.org The Bottom Line: Redesigning Historic Spaces Only the Beacon Will Glow Atop Providence’s Superman Building http://ripr.org/post/only-beacon-will-glow-atop-providence-s-superman-building <p>Starting this week, only the beacon atop the so called Superman building will be lit. Most of the other exterior lights will be dark, said Bill Fischer, spokesman for the building’s owner.</p><p></p><p>Bank of America was the only tenant and it left the building earlier this year. Fischer said keeping the beacon lit is sign that work is being done to bring the building back to life.</p><p>“You know, to maintain outside lighting on an empty building of approximately anywhere between $26,000 to $30,000 a year, is not a prudent expenditure of money,” said Fischer.</p> Wed, 10 Jul 2013 18:34:28 +0000 Catherine Welch 18195 at http://ripr.org Only the Beacon Will Glow Atop Providence’s Superman Building Historic Preservation Tax Credit Would Benefit Rhode Island http://ripr.org/post/historic-preservation-tax-credit-would-benefit-rhode-island <p></p><p><span style="color: rgb(51, 51, 51); font-family: Georgia, Times, serif; font-size: 15px; line-height: 22px;">Rhode Island lawmakers have spent a lot of&nbsp; time recently searching for ideas to jump-start the state economy. </span>RIPR<span style="color: rgb(51, 51, 51); font-family: Georgia, Times, serif; font-size: 15px; line-height: 22px;"> political analyst Scott </span>MacKay<span style="color: rgb(51, 51, 51); font-family: Georgia, Times, serif; font-size: 15px; line-height: 22px;"> suggests they head back to the future.</span></p> Mon, 25 Mar 2013 12:24:07 +0000 Scott MacKay 12486 at http://ripr.org Bring back the RI Historic Preservation Tax Credit http://ripr.org/post/bring-back-ri-historic-preservation-tax-credit <p>Rhode Island lawmakers have spent a lot of&nbsp; time recently searching for ideas to jump-start the state economy. RIPR political analyst Scott MacKay suggests they head back to the future.</p><p>Hardly a week passes without Rhode Island’s business, political and public policy elite floating yet another plan for digging our state out of its economic rut. The ideas run the gamut; from modest proposals as providing more internships to keep college students in Rhode Island after they graduate to bigger dreams, such as abolishing the state sales tax.</p> Sun, 24 Mar 2013 14:10:21 +0000 Scott MacKay 12460 at http://ripr.org Providence's "Superman" building could be converted into apartments http://ripr.org/post/providences-superman-building-could-be-converted-apartments <p>The downtown Providence skyscraper affectionately known as the “Superman building” may be getting a new lease on life.&nbsp; The 26 story office building may be going residential.</p><p>Providence developer Arnold “Buff” Chace says he has been hired by the owner of the Superman building to conduct a feasibility study into turning it into an apartment building.&nbsp;</p> Wed, 30 Jan 2013 19:38:51 +0000 Flo Jonic 9481 at http://ripr.org Providence's "Superman" building could be converted into apartments