Providence Business News outlines the development happening in and around the 195 Land in the Jewelry District:
Seven years ago, this area was supposed to be part of the newly designated “Knowledge District.”
There were plans to transform the Jewelry District into a hub of innovation, research and technology. The brainchild of business and civic leaders, the idea was born in a time of recession in the economy and crisis in the state’s economic-development efforts with the collapse of 38 Studios, the video game company founded by former Boston Red Sox pitcher Curt Schilling. It was also a time of welcomed change in the district after Interstate 195 was rerouted south of the neighborhood, clearing a swath of 19 acres of developable real estate stretching from Interstate 95 to the Providence River.
Today, the Knowledge District concept – albeit under a different name – is taking hold, particularly in the old footprint of I-195. Whether it can become a model for Rhode Island’s new economy, however, remains to be seen.