Legal tangle hinders power station redevelopment

WHAT’S THE PLAN? Commonwealth Ventures LLC and Brown University are planning to turn the South Street Power Station into an academic and nursing-school complex. But hurdles remain, including liens on the property and $26 million in historic tax credits controlled by current owners. / PBN FILE PHOTO/NATALJA KENT
WHAT’S THE PLAN? Commonwealth Ventures LLC and Brown University are planning to turn the South Street Power Station into an academic and nursing-school complex. But hurdles remain, including liens on the property and $26 million in historic tax credits controlled by current owners. / PBN FILE PHOTO/NATALJA KENT
To build a long-sought academic and nursing-school complex in Providence’s would-be Knowledge District, project leaders will have to untangle the painful legacy of the failed Dynamo House project that came before it. That’s the message in the Providence Redevelopment Agency’s Davol Square Redevelopment Plan, the city’s roadmap for making the South Street Power Station property…

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