“I thought there’d be more people,” said Wayne Zuckerman of Sterling Properties in Livingston, N.J., who said he is familiar with Rhode Island. “I came because I wanted to see who the developers were… Nineteen acres in the city. You would think — I would have thought — the room would have been filled.”
Rhode Island leaders say the former highway land is the best chance for economic development in a state where the average unemployment rate last year of 9.5 percent was second-worst in the country. They hope projects on the land will generate jobs and create living spaces for people who would work in Rhode Island.
I really don’t see this as our “best chance.” It is one of many things we need to be working on in a little state with a devastated economy to turn ourselves around. This is a project that is going to take decades of work (see Capital Center) yielding milestones along the way that are smaller than the whole that we get so worked up talking about. It is 19 developable acres in a city that has far more than 19 developable acres already existing within it. When our ‘leaders’ get all hyperbolic about this project, I get worried(er).