South Street Landing project groundbreaking to be held today

THIS IS A RENDERING of the South Street Landing project, which features a joint URI/RIC nursing-education center, Brown University administrative offices, a new parking garage and a residential/commercial component. The groundbreaking ceremony for the multi-million project will be held today. / COURTESY CV PROPERTIES LLC
THIS IS A RENDERING of the South Street Landing project, which features a joint URI/RIC nursing-education center, Brown University administrative offices, a new parking garage and a residential/commercial component. The groundbreaking ceremony for the multi-million project will be held today. / COURTESY CV PROPERTIES LLC

PROVIDENCE – A ceremonial groundbreaking for the multimillion dollar South Street Landing project will be held Monday at noon.
The approximately $220 million project will house the Rhode Island Nursing Education Center (a joint University of Rhode Island/Rhode Island College nursing-education center), Brown University offices, graduate student housing and a parking garage.
Gov. Lincoln D. Chafee, U.S. Sen. Jack Reed, Mayor Angel Taveras, Brown University President Christina Paxson, Rhode Island College President Nancy Carriuolo and University of Rhode Island President David Dooley will join project developer Richard Galvin, founder and president of CV Properties LLC, and other dignitaries at the event, which will take place at the site of the former South Street power station.
Special guests include Gov.-elect Gina Raimondo, state Sen. Dominick J. Ruggerio, state Rep. Raymond E. Gallison Jr., Mayor-elect Jorge Elorza, City Council President Michael A. Solomon, state Education Board Chair Eva-Marie Mancuso and National Grid Rhode Island President Timothy F. Horan.
In the spring, the city reached an agreement with the developer of the project, CV Properties LLC, on three property tax stabilization deals that would generate $9.9 million in tax revenue over 15 years, Taveras said at the time.
The agreements with CV Properties LLC would include payments from the state and Brown University and tenants in the advanced nursing education center planned for the vacant former power station on Eddy Street.

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