development

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. “This is a special opportunity for the state and city’s leadership to jump...

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,...

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...

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. “We are delighted with this exciting new project in the heart of Providence and are pleased to be partnering in these acquisitions with Boston-based Nordblom Company who share a similar vision...

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. Do you have insight or expertise...

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. 1. Make no mistake: The bottom line of the debate...

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...

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. Victor Matheson, professor of economics at the College of the Holy Cross in Worcester, says a new stadium could be good news for Providence, but the economic impact would likely be limited to the neighborhood right around the stadium. “There is some evidence that sports stadiums, at least at the major league level,...

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. 1. Lieutenant Governor Elizabeth Roberts , an unabashed health policy wonk, will be unveiled next week as Governor-elect Gina Raimondo 's appointee to lead the Executive Office of Health and Human Services,...

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. What's new is the kind of evidence for those effects, which in this case is actual changes in brain volume as seen on a series of MRI brain images, and how a supportive caregiver in a child's life can reduce those...

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. 1. With more than $2 million in her campaign account, Gina Raimondo has long since emerged as a powerhouse fundraiser. Yet it's probably just a matter of time until one of Raimondo's rivals draws attention to the many out-of-state contributors helping to fill her coffers....

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