Archived

This topic is now archived and is closed to further replies.

Frankie811

COMPLETE: RISD Moshassuck Square

23 posts in this topic


...but man it seems unfair that every possible outlet for people to spend less than $15/s.f. per month to rent near DownCity Providence is being taken away. I guess it could be interpreted as good news for Capitol Cove, assuming the demand remains.

Share this post


Link to post
Share on other sites

This is far from PROPOSED, it's more like COMPLETE. There will be a transition process, but it's well underway.

Share this post


Link to post
Share on other sites

One of my co-workers lives here and she found out yesterday that her lease is being terminated so RISD students can move into her apartment. She is really upset; considering she just moved in the place in January and signed a 5-year lease.

Share this post


Link to post
Share on other sites
One of my co-workers lives here and she found out yesterday that her lease is being terminated so RISD students can move into her apartment. She is really upset; considering she just moved in the place in January and signed a 5-year lease.

Share this post


Link to post
Share on other sites

Why doesnt RISD build new dorms? Am I wrong or do I remember having dorms on the most recent voting ballot for a bond approval..

Share this post


Link to post
Share on other sites
Why doesnt RISD build new dorms? Am I wrong or do I remember having dorms on the most recent voting ballot for a bond approval..

Share this post


Link to post
Share on other sites


The article says they aren't kicking anyone out and just not renewing leases, which would suggest she could stay for her whole term.

Who signs a 5 year lease anyway? That's a very long time to commit to a rental.

Share this post


Link to post
Share on other sites
Let's not forget the fact that this goes from a property that contributes to the tax base to one that doesn't, although I'm sure RISD will do their part with the voluntary contribution or whatever it is called.

Share this post


Link to post
Share on other sites
Yes, you are wrong. Why would a private college need a bond approval from the public? Your probably thinking of URI. I'm sure it's much less expensive to buy this complex than to build a new dorm building.

Share this post


Link to post
Share on other sites

Only public institutions can raise money through public bonds. RISD would not be able to do that.

Share this post


Link to post
Share on other sites
Only public institutions can raise money through public bonds. RISD would not be able to do that.

Share this post


Link to post
Share on other sites

I can't imagine a scenario where Providence voters would support a bond to build dorms at a private and lushly endowed private university.

Share this post


Link to post
Share on other sites
I can't imagine a scenario where Providence voters would support a bond to build dorms at a private and lushly endowed private university.

Share this post


Link to post
Share on other sites


Who cares?

Why do we feel on this site a compelling need to bash others that we don't even know for their feelings or opinions? She signed a lease and is now being asked to leave. Unless she or MikeR is lying those are the facts. I would be upset in that person's situation.

Share this post


Link to post
Share on other sites
while i don't understand the need to bash either, it's a rental. with a rental, there is inherent risk, that being the possibility of not having your lease renewed. that being said, no one is being kicked out without notice. those who have current leases will have those leases honored to term, or at least that's all we can infer from the article that said that leases will just not be renewed.

Share this post


Link to post
Share on other sites
Rather than new dorms, I would prefer students receiving a stipend to use toward their living space. There are plenty of rentals throughout Providence and students could fill that space very easily. The student could pick where they want to live; Broadway, East Side, Pawtucket, So. Providence, etc. Too many apt. buildings have been bought up by schools or completely rented out to a school; J & W and RISD for example.

Vacant rental property in "owner occupied multi family housing" needs to be filled before dorms are built. These home owners are the core of the city tax base and they have made a commitment to the city. They need the rental income to pay for the high Providence tax needs.

Mark

Share this post


Link to post
Share on other sites
Rather than new dorms, I would prefer students receiving a stipend to use toward their living space. There are plenty of rentals throughout Providence and students could fill that space very easily. The student could pick where they want to live; Broadway, East Side, Pawtucket, So. Providence, etc. Too many apt. buildings have been bought up by schools or completely rented out to a school; J & W and RISD for example.

Vacant rental property in "owner occupied multi family housing" needs to be filled before dorms are built. These home owners are the core of the city tax base and they have made a commitment to the city. They need the rental income to pay for the high Providence tax needs.

Mark

Share this post


Link to post
Share on other sites
But is there actually any issue in the city of owner occupied multi's sitting vacant for lack of tenants? I know that the apartment I rent out in my house has never sat empty for more than a month in the 7 years I have owned the house and we have had 4 different tenants. When I have a vacancy I post it on craigslist and get a steady stream of inquiries. I think that if you are having a hard time renting out a place you are over priced or you have over renovated it. Tossing in some granite and cherry isnt going to automatically double your renting price.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.