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Archive | Colleges/Universities

→ PBN: Legal tangle hinders power station redevelopment

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Ownership of the vacant power plant is hampered by multiple stakeholders, mortgages, deed restrictions and up to 20 mechanics liens tied to one of the most ambitious and ill-fated public-private partnerships in the state’s history.

And then there are the $26 million in state historic tax credits attached to Dynamo House that the partnership between Commonwealth Ventures LLC and Brown University intend to use to help finance construction. The current owners of the power station control the tax credits.

With this tangled legal web in mind, the city’s Davol Square Plan lays out a strong case for seizing the power station using the city’s powers of eminent domain if clearing the title through negotiation fails.

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City Plan Commission Meeting – December 17, 2013

featured-bikeped City Plan Commission Meeting
Tuesday, December 17, 2013 – 4:45pm
444 Westminster Street, First Floor

Opening Session

  • Call to Order
  • Roll Call
  • Approval of minutes from the November 19th meeting – for action
  • Approval of the CPC meeting schedule for the 2014 calendar year – for action
  • Director’s Report

Redevelopment Plan

davol-site

Image from Bing Maps

1. City Council Referral: An ordinance to adopt the Davol Square Redevelopment Plan This ordinance would adopt a redevelopment plan that would designate a redevelopment project area consisting of approximately 10.5 acres of industrial and commercial property located along the Providence River in the Downtown neighborhood. The ordinance will be reviewed for conformance with the Comprehensive Plan – for action (Downtown, AP 21 Lots 429, 430, 438, 439, 440)

Re:Zoning Providence

2. Update on Re: Zoning Providence Presentation detailing progress on the zoning ordinance revision process and proposed zoning changes developed by the project consultants – for discussion

Adjournment


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Brown presentation on the South Street Power Station project at JDA meeting – July 9, 2013

dynamo

Brown University will present information on the proposed redevelopment of the South Street Power Station at the Jewelry District Association Meeting on Tuesday, July 9th.

The meeting is open to the public, you need to be buzzed into the building for entry.

Tuesday, July 9th, 2013 • 4:00pm- 5:30pm
Brown Continuing Education Building
200 Dyer Street, Classroom 131/133

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Brown University outlines plans for redevelopment of South Street Power Station

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The University plan includes student housing, retail, a URI/RIC nursing school, administrative offices for the University, a new parking structure, and additions to the riverwalk. The vacant South Street Power Station would be a redeveloped, student housing built on a parking lot along Point Street, and the parking garage across Point Street.

Update: Brown has a Press Release up on their site including a link to an Economic Analysis. pdf

The following letter from Brown University President Christina Paxson, was forwarded to me by a member of the Brown Community:

I am writing to share news that Brown, together with the University of Rhode Island (URI) and Rhode Island College (RIC), is exploring the possibility of partnering with private developer Commonwealth Venture Properties on a comprehensive redevelopment project in Providence’s Jewelry District.

The centerpiece of the project is a renovation of the former South Street Power Station located at 360 Eddy Street, known as “Dynamo House.” Approximately one-half of this space (about 120,000 square feet) would be leased by Brown University for administrative and educational programs; the other half would be leased by the University of Rhode Island and Rhode Island College to house a shared nursing education program. The proposed project also includes an apartment building suitable for graduate, medical and advanced nursing students; retail space; space for start-ups and other small technology-based companies; and a new parking garage.

This week, a joint resolution was introduced in the General Assembly that, if passed, endorses the project in concept and enables URI and RIC to work over the coming months with the developer on a long-term lease agreement, which would require approval by the State Properties Committee and the General Assembly in the next session. The Brown Corporation has endorsed the concept, directing the administration to enter negotiations with the developer on a long-term lease. Assuming the details of these leases are negotiated successfully, we anticipate that construction and renovation would begin in 2014 and the facility would be ready for occupancy in 2016.

Continue Reading →

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URI/RIC Nursing School at the South Street Power Station?

Dynamo House

Ted Nesi reports for WPRI about the possibility of the South Street Power Station (aka the Dynamo House) being used as the location for the proposed URI/RIC Nursing School.

Yesterday Brown announced their intention to build their expanded School of Engineering on College Hill, ending speculation that Brown would use the old power station located in the Jewelry District.

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→ Brown Daily Herald: Construction changes plans for park on Providence River

Seven years after initial plans were drafted to develop a park along the west waterfront of the Providence River, recent construction in the Jewelry District — including several University buildings — has altered those design plans. The new park will offer a grassy space with access to the river and outdoor programming that will strengthen connections between College Hill and downtown Providence.

The biggest change the commission made to the park plans was selecting a “parcel” from the initial allotment to offer for commercial development, [Bonnie] Nickerson [director of long-range planning for Providence] said.

The commission hopes to see the park ready for construction by summer 2014 and open to the public within 18 months, in late 2015, Nickerson said.

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→ Brown Daily Herald: Fee on non-R.I. Brown students proposed

Rep. John Carnevale, D-Providence and Johnston, introduced legislation in the General Assembly that would place a $50 fee per semester on every out-of-state student attending Brown, the Rhode Island School of Design and Johnson and Wales University Feb. 14. The money raised from this fee would cover the redevelopment of the land opened up by the relocation of I-195, an area each university included in the fee has expressed interest in acquiring. Carnevale said in a press release he chose to raise funds from these universities because he did not want the state to invest heavily in land that would ultimately benefit “wealthy institutions” more than taxpayers.

“If one of those schools buys some land today, relatively cheap, and sells it five years from now when the area is active and thriving, who will reap the profit? Not the taxpayers,” Carnevale said in the press release.

I’m not prepared at the moment to talk about how damn foolish I think this proposal is, but feel free to discuss amongst yourselves in the comments.

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→ Brown Daily Herald: U. considers purchase of historic Jewelry District site

The vacant historical building known as the Dynamo House, located in the Jewelry District, has become the subject of renewed speculation as government and local university officials push to redevelop the neighborhood into a hub of science, technology and research.

The University has “shown interest in (purchasing the Dynamo House), but nothing definite,” said Edward Wing, dean of medicine and biological sciences.

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→ The New York Times: Historic Power Plant in Providence, R.I., May Get Another Chance at an Encore

The New York Times reports that Brown University may be interested in redeveloping the South Street Power Station, better known as the location of the stalled “Dynamo House” project.

According to James S. Bennett, director of economic development for Providence, “serious” possible tenants have looked at the building in recent months, though he declined to say who they were. Sources knowledgeable about the site said that Brown University might be interested since Dynamo House is in the city’s Jewelry District, where Brown has expanded in recent years.

Mr. Bennett said the city had made finding a new use for the building a priority, and would not consider the alternative: “It’s not going to be torn down,” he said.

See also:
Greater City Providence: What’s going on with the Dynamo House?
Via: Nesi’s Notes
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