development

Jack Rodolico / VPR/NENC

For one of New England's biggest developers, Brady Sullivan Properties, there’s been a lot of bad news over the past year. State and federal investigators have found lead contamination and illegal toxic dumping. And those are just the cases that made headlines – in recent years there have been other complaints involving Brady Sullivan projects from homeowners and others. Regulators haven’t taken a comprehensive look at all these incidents to see if there’s a pattern at play. For the New England News Collaborative, NHPR’s Jack Rodolico reports,

A New York developer is scaling back his proposal for a three-tower development in the I-195 District.

Jason Fane wants state officials to move quickly to support a single 43-story residential tower in the district.

Fane said he hopes to develop two additional towers in future phases, depending on the level of market demand.

In a statement, Fane says the single tower would catalyze other new uses in the 195 District.

Ian Donnis / RIPR

Governor Gina Raimondo took part a ceremonial groundbreaking Wednesday to mark the start of the first development utilizing the state's Rebuild RI tax credit.

The Commons at Providence Station will create 169 apartments on 2.85 acres of vacant land near the Providence train station. The project is utilizing a $5.6 million Rebuild RI tax credit and a 15-year tax stabilization agreement with the City of Providence.

Raimondo hailed the development as a sign of positive momentum in the state, aided by the award of 15 Rebuild RI tax credits.

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.

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