481 replies to this topic

[Claremorris]

ALCO project to receive $8 million infusion from Providence

http://www.projo.com/ri/providence/content...68.374b5de.html

[Frankie811]

Approval of a proposed set of tax incentives for a $232-million, mixed-use development on the former American Locomotive Works property may have to wait until next year.

[HartfordTycoon]

Frankie811, on Dec 2 2008, 07:41 AM, said:

Approval of a proposed set of tax incentives for a $232-million, mixed-use development on the former American Locomotive Works property may have to wait until next year.

Is this the development where United Natural Foods plans to move their HQ to? If so, I think RI would be wise to give the developers what they need to get this finished up as soon as possible. This seems like a pretty substantial and vital project.

United Natural Foods Inc.

RI Economic Development Corp.


UNFI comes to Providence, Rhode Island with strategic growth plans which could see the Company expand its’ headquarters workforce to approximately 240 associates over the next three years. “We are very pleased to welcome United Natural Foods to Rhode Island. The relocation of UNFI’s corporate headquarters to Providence is expected to bring good, high wage jobs to Rhode Island with more job growth opportunity to follow in the months and years to come. This is exactly the kind of economic growth Rhode Island needs to build a more prosperous future for our state,” said Governor Donald L. Carcieri.

“We are thrilled to welcome UNFI to the City of Providence. UNFI’s relocation to the American Locomotive Works development on Valley Street is a big win for the state and for our Capital city. The company brings another boost of activity and development to a neighborhood that is day by day transforming itself into new hub of economic activity. We look forward to UNFI’s continued growth and supporting the company’s expansion in the months and years to come,” said Providence Mayor David N. Cicilline.

American Locomotive Works (ALCO) is a bold and innovative neighborhood transformation project in Providence, Rhode Island. The mixed-use development will contain up to 1.7 million square feet of commercial, retail and residential space and create a vibrant new neighborhood in an underutilized section of the city. The expansive site is located along the Woonasquatucket River. Located less than one mile from Providence Place Mall, ALCO is serving as a catalyst for subsequent development on the western edge of the city, and helping to connect the Olneyville, Federal Hill, and Valley neighborhoods to downtown.

[mental757]

PROJO: "Providence expected to give its OK to massive development’s next phase"

http://www.projo.com/ri/providence/content...21.314fe94.html

[HartfordTycoon]

mental757, on Dec 10 2008, 09:04 AM, said:

PROJO: "Providence expected to give its OK to massive development’s next phase"

http://www.projo.com/ri/providence/content...21.314fe94.html

Good to see the Council take the correct action on this. This is a big deal for your city.

PROVIDENCE — A package of tax treaties for ALCO, a major mixed-use project on the former American Locomotive Works property, is on track for approval by the city before the New Year.

It will enable the developers to move forward with the next phase of building and bring nearly 2,000 new construction jobs and an additional $167 million of investment into the city over the next three years.

With the full City Council expected to take the required two votes of approval at special meetings on Dec. 15 and Dec. 18, developer Struever Bros., Eccles & Rouse says it plans to break ground by the spring on what is currently the largest development under way in the city.

“The value of this project is the potential to create jobs, both in the number of construction jobs and the number of jobs companies” that move into the buildings bring, said council Majority Leader Terrence M. Hassett. “We’re talking about economic stimulus...a green campus, jobs, a new [tax] revenue stream for the city. This is a good project.”

The support from council members is a turnaround from last week, when members of the Finance Committee indicated that passage of a tax-incremental financing, or TIF, plan and a trio of tax-stabilization plans for the 23-acre development might be delayed due to some questions about the deal’s impact on city finances.

[mental757]

PROJO: "More space, more jobs"

http://www.projo.com/business/content/BZ_U...84.3d531c6.html

[Frankie811]

Incentives OK’d for Struever

The City Council last night approved a set of tax incentives for the $230-million American Locomotive Works project, the largest development under way in the city.

[Frankie811]

Next phase of ALCO project to create
thousands of local construction jobs

The Providence City Council in December approved a tax-increment financing (TIF) plan for the American Locomotive Works project in Olneyville.

[Frankie811]

United Natural Foods delays relocation to Providence. Tom Dziki, vice president of sustainable development for the food distributor, said the company still has plans to relocate, but he did not say when.

http://www.projo.com/news/content/BZ_UNITE...16.3182e47.html

[runawayjim]

Frankie811, on Jan 24 2009, 09:05 AM, said:

Next phase of ALCO project to create
thousands of local construction jobs

The Providence City Council in December approved a tax-increment financing (TIF) plan for the American Locomotive Works project in Olneyville.

I know it's silly, but I wish they would stop saying it's in Olneyville. The neighborhood has a name, it's called Valley. Heck, it's closer to Smith Hill than Olneyville.

[Urbaner]

runawayjim, on May 6 2009, 07:50 AM, said:

I know it's silly, but I wish they would stop saying it's in Olneyville. The neighborhood has a name, it's called Valley. Heck, it's closer to Smith Hill than Olneyville.

Valley was a made-up name by the Dept. of Planning and Development in the 60s because they needed more equally sized neighborhoods for planning purposes. They left out neighborhoods such as Summit and shrank other like Mount Pleasant. The Alco complex borders the end of River Avenue along Valley Street, which forms the traditional southern boundary of Mount Pleasant. Lower Mount Pleasant is the area south of Chalkstone Avenue. It would be more accurate if they said Mount Pleasant, but that would probably confuse people more. Also, didn't you ever think that it was a little weird that most of the Valley neighborhood wasn't in the valley at all, but on a steep hill?

[runawayjim]

Urbaner, on May 6 2009, 08:21 AM, said:

Valley was a made-up name by the Dept. of Planning and Development in the 60s because they needed more equally sized neighborhoods for planning purposes. They left out neighborhoods such as Summit and shrank other like Mount Pleasant. The Alco complex borders the end of River Avenue along Valley Street, which forms the traditional southern boundary of Mount Pleasant. Lower Mount Pleasant is the area south of Chalkstone Avenue. It would be more accurate if they said Mount Pleasant, but that would probably confuse people more. Also, didn't you ever think that it was a little weird that most of the Valley neighborhood wasn't in the valley at all, but on a steep hill?

Interesting. Mount Pleasant, however, ends at Academy, not River. River is completely in Elmhurst (all my info is coming from Prov Plan). Now, all that being said, and it was a good history lesson, it's been 40+ years since Valley has been a recognized neighborhood. You'd think a publication like PBN would use the recognized official neighborhoods.

[FjmArch]

Urbaner, on May 6 2009, 08:21 AM, said:

Valley was a made-up name by the Dept. of Planning and Development in the 60s because they needed more equally sized neighborhoods for planning purposes. They left out neighborhoods such as Summit and shrank other like Mount Pleasant. The Alco complex borders the end of River Avenue along Valley Street, which forms the traditional southern boundary of Mount Pleasant. Lower Mount Pleasant is the area south of Chalkstone Avenue. It would be more accurate if they said Mount Pleasant, but that would probably confuse people more. Also, didn't you ever think that it was a little weird that most of the Valley neighborhood wasn't in the valley at all, but on a steep hill?

If the Planning Department is not the entity that creates neighborhoods who is? I guess we should just go back to calling it all Providence as Roger Williams did because all of the neighborhood names were just made up.

[Frankie811]

Work resumes for United relocation . United Natural Food Inc.’s move to Rhode Island – which appeared endangered by the financial troubles of developer Struever Bros. Eccles & Rouse – is no longer in doubt.

http://www.pbn.com/detail/42474.html

[Frankie811]

From PBN

Bringing with it 181 jobs, $3.45 billion in annual sales, and a slew of senior executives, United Natural Foods completed the move to its new corporate headquarters in Providence on Sept. 20.

[Frankie811]

Former Providence mill a natural fit for food firm

United Natural Foods moved its corporate headquarters from Connecticut to a redeveloped mill in Providence last month. The relocation was set to be completed in May, but was delayed due to financial troubles affecting Struever Bros., Eccles & Rouse, the Baltimore-based company that carried out the $230-million redevelopment of the former mill.

http://www.projo.com/news/content/UNITED_N...22.37d23bb.html

[mental757]

link included:

PBN: "United brings 181 jobs to new R.I. headquarters"

http://pbn.com/detail/45399.html

[Frankie811]

From the projo blog

Struever Bros. gives up stake in Providence ALCO project

Struever Bros, Eccles & Rouse has relinquished its ownership stake in the multiphase American Locomotive Works, or ALCO, development.

http://newsblog.proj...-stake-i-1.html

From the projo blog

Struever Bros. gives up stake in Providence ALCO project

Struever Bros, Eccles & Rouse has relinquished its ownership stake in the multiphase American Locomotive Works, or ALCO, development.

http://newsblog.proj...-stake-i-1.html



McCormack Baron Salazar

[Frankie811]

City seeks reimbursement for stalled retail project

The city is seeking $93,000 in reimbursement for expenses related to a $7.3-million tax incentive granted last year to the delayed American Locomotive Works project.

http://www.projo.com...35.38aae95.html

[mental757]

PBN 10/28/09: "Struever denies backing out of ALCO"
http://pbn.com/detail/45774.html

PROJO 10/28/09 (full article): "Struever Bros. drops out of R.I."
http://www.projo.com...14.3986e8e.html

PBN 10/31/09: "Struever still involved in ALCO, Dynamo"
http://pbn.com/detail/45833.html

PROJO 11/14/09 Editorial: "Editorial: Struever’s still here"
http://www.projo.com...21.3f8d102.html

Edited by mental757, 07 December 2009 - 10:35 AM.