Connect with us

Rhode Island

Arctic Mill to be transformed into housing, commercial space

Published

on

Arctic Mill to be transformed into housing, commercial space


(The Middle Sq.) – An historic property in Rhode Island is being repurposed to create housing, Gov. Dan McKee mentioned.

The governor introduced late Monday that The Arctic Mill shall be redeveloped into housing and business house. The plan is to make use of the 2 separate historic textile mill services as a mixed-use advanced that includes rental residences and business house, together with media rooms, a boxing health club, and extra.

“As Rhode Island continues to steer the area in financial restoration, the Arctic Mills mission guarantees to extend our state’s inexpensive and market-rate and housing provide whereas creating good paying jobs within the development and aligned trades all whereas reinvigorating one in every of Rhode Island’s historic mills,” McKee mentioned within the launch. “For Rhode Island to be a gorgeous place to reside, work, and lift a household, we should deal with the provision and high quality of housing – meaning all the things from offering helps to these experiencing homelessness, to growing inexpensive housing, to making sure we construct extra workforce housing for our middle-class households.”

Advertisement

The Arctic Mill, in keeping with the discharge, is a nineteenth century constructing that’s being renovated by Knight Road Capital, the corporate who just lately labored on Pontiac Mills in Warwick. The mission will create 136 rental models, with 105 coming in at market charge and 31 reserved for households incomes 100% of the Space Median Earnings. The property will even characteristic 10,000 square-feet for workplace and retail house.

McKee mentioned his $250 million housing proposal within the Normal Meeting will allow the state to carry out extra initiatives to create housing choices. The governor was joined on the occasion by U.S. Sen. Jack Reed, D-RI, Rep. Jim Langevin, D-RI, Rhode Island Housing, and state and native officers.

“That is about preserving our historical past, investing sooner or later, and revitalizing neighborhoods. I’m happy that this mission will make the most of federal investments to breathe new life into this historic property and accomplish that in a method that may guarantee extra working households can afford a spot to reside and new companies can discover a place to thrive,” Reed mentioned within the launch.

Langevin mentioned the trouble to create extra inexpensive housing choices is “important to financial progress and growth” within the state.

Federal Historic Tax Credit, RIHousing’s Workforce Housing Mortgage, the RebuildRI Tax Credit score program, and developer fairness, in keeping with the discharge, are getting used to fund the mission. The full price is $32.7 million and shall be administered by Commerce RI.

Advertisement

The RebuildRI Tax credit score program, in keeping with the discharge, provide hole financing for business workplace, industrial, residential, mixed-use growth, new development, and historic constructing rehabilitation initiatives with tax credit which might be redeemable as much as 20%, and 30% in some circumstances, for mission prices. The credit score, nonetheless, isn’t paid out till the mission has its occupancy allow and can then be paid out over 5 years.

In line with the discharge, the rental residences will meet the wants for these within the central a part of Rhode Island, with entry to highways, public transportation, procuring, and leisure and academic locations. The power, when accomplished, will characteristic media rooms, a boxing health club, and breakout rooms.



Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Rhode Island

North Kingstown (RI) quarterback Jack Diano tosses 5 TDs in 42-20 win over Westfield

Published

on

North Kingstown (RI) quarterback Jack Diano tosses 5 TDs in 42-20 win over Westfield


WESTFIELD – Although the Westfield High School football team lost to a 2023 Division 1 football state championship runner-up from Rhode Island on Friday night, Bombers head coach Rob Parent said his team learned a valuable lesson.

North Kingstown (RI) junior quarterback Jack Diano threw for five touchdowns and the Skippers defeated the Westfield Bombers, 42-20, in an independent game Friday night at Bullens Field.



Source link

Continue Reading

Rhode Island

RIPTA says East Side Tunnel to remain closed through October | ABC6

Published

on

RIPTA says East Side Tunnel to remain closed through October | ABC6


PROVIDENCE, R.I. (WLNE) — The Rhode Island Public Transit Authority said that the East Side Tunnel will remain closed for repairs and renovations through Oct. 31.

RIPTA said Routes 1, 32, 33, 34, 40 and 61x will continue to be on detour to accommodate the construction.

Detours will remain as follows:

Routes 32, 33, 34, 40 and 61x:

Advertisement
  • Inbound trips will travel regular route to the intersection of Angell and Thayer Streets, continue onto Angell Street through to Steeple Street and then resume regular route. Passengers will utilize the bus stop on Angell Street at Hope Street. There will be no stops between Angell and Hope Streets and Kennedy Plaza.
  • Outbound trips will travel regular route to North Main Street via Washington Place, continue up the hill on Waterman Street and then resume regular route. At the bottom of the hill, passengers will board at a temporary stop on the traffic island on Washington Place. At the top of the hill, passengers will utilize the bus stop on Waterman Street at Hope Street.

Route 1:

  • Inbound trips will travel regular route to Thayer Street, left onto Waterman Street, left onto Brook Street, left onto Angell Street, continue on Angell Street through to Steeple Street and then resume regular route. Passengers will utilize the bus stop on Thayer Street before Meeting Street. There will be no stops between Thayer and Meeting Streets and Kennedy Plaza.
  • Outbound trips will travel regular route to North Main Street via Washington Place, continue up the hill on Waterman Street, turn left onto Brook Street and then resume regular route. At the bottom of the hill, passengers will board at a temporary stop on the pedestrian island on Washington Place. At the top of the hill, passengers will utilize the bus stop on Brook Street after Angell Street.

A map of temporary bus stops can be found here.





Source link

Continue Reading

Rhode Island

R.I. man scammed out of $160k helps federal authorities catch an alleged culprit – The Boston Globe

Published

on

R.I. man scammed out of 0k helps federal authorities catch an alleged culprit – The Boston Globe


An alert popped up on his computer claiming he was under investigation for trying to buy child pornography and directed him to call a certain telephone number, according to court documents. The man told authorities his call led him to multiple unidentified people, including a person purporting to work in the fraud unit at Citizens Bank, and then another who claimed to be with the US Treasury Department. They spun a tale about a compromised Social Security number and an investigation into money laundering, and convinced the man to hand over thousands of dollars to “government agents” to secure his funds, court documents said.

He was directed to withdraw about $30,000 in cash from his Citizens account and buy $130,000 in gold bars from a Rhode Island precious metals dealer, and turn everything over to a courier who came to his house, according to court documents. He was told not to tell anyone about what was going on.

Advertisement

By mid-September, the man realized he was being scammed and spoke to local police and a special agent with Homeland Security Investigations.

When the scammers demanded $160,000 in gold bars, the federal authorities came up with their own plan with the help of the man and a local gold dealer.

The scammer who claimed to be in Citizens fraud unit instructed the man to wire $160,000 from his account to the gold dealer and said he would direct a “government agent” to come to his house in Narragansett to pick up the gold bars, according to court documents.

Working with law enforcement, the man and the gold dealer pretended to go through with the deal on Wednesday, according to court documents. The owner of the gold shop created a fake receipt documenting the sale of $160,000 and handed the man a box. Law enforcement had created fake gold bars, which were silver bars painted gold. When the scammer from the “Citizens fraud unit” asked the man for proof of the transaction, he texted pictures of the fake receipt and the fake bars, according to court records.

The caller from the “Citizens fraud unit” said he would have a government agent come to collect the goods. A driver in a black Mercedes SUV with a New Jersey license plate soon arrived at the house in Narragansett. The man handed over the box with fake gold bars, and the man in the Mercedes drove away.

Advertisement

Law enforcement had the Mercedes pulled over in Westbrook, Conn., about 40 miles from the Rhode Island state line. The driver was identified as Jirui Liu, 22, from Ontario, Canada. The bag holding the box of fake gold bars was on the floor of the passenger seat, according to court documents.

Through a Mandarin interpreter, Liu told the special agent for Homeland Security Investigations that he’d been in the United States visiting friends and playing poker in Las Vegas and Los Angeles, and was in the area taking “some stuff” back to New York for a guy he knew from a game called “League of Legends,” according to an affidavit supporting a warrant for his arrest. Liu said he didn’t know what was in the box, but that he was supposed to deliver it to some park in New York, according to the affidavit.

Liu is being held without bail after an arraignment Thursday in US District Court in Providence on charges of money laundering, fraud, and two counts of conspiracy. It was not immediately known if he had a lawyer.


Amanda Milkovits can be reached at amanda.milkovits@globe.com. Follow her @AmandaMilkovits.

Advertisement





Source link

Continue Reading

Trending