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Developer sought for Shooters site
Calling all developers looking for a waterfront property in the capital city: The R.I. Department of Environmental Management wants to hear from you. As DEM advances plans to convert the former Shooters nightclub property at India Point to a public park, the cash-strapped agency is turning to the private sector. This month the agency plans…
Classic gov’t move. Pay $3.2M for a parcel worth 1/3rd of that. No developer is site is interested in the property since the highest and best use has been destroyed. Primary antagonist in transaction (head of the Bay) says property can generate $385K in NOI (no back up detail) but they are unwilling to take on the project? Why – because it’s a fairy tale? this property will sit vacant for another 10 years at least.
Hey, John. Cute liottle diatribe there. May I ask how you wound up blaming the gobmint for the $3.2 million payment when THE VOTERS OF RHODE ISLAND actually approved it? Hmmm? Gobmint wouldn’t have paid $3.2 million if the people didn’t vote for it. Soooooo, it’s what the people wanted. Oops. Ah, another classic Rhode Islander with a big opinion and no sense of reality. Yet another example of what is really wrong with the economy of this state.
You got me on that – you’re right, the state gov’t had nothing to do with it. but one question – who endorsed the plan? RIDEM, the Governor, etc. It wasn’t a separate ballot question.RIDEM forced it into the referendum for the approval of the Rocky Point acquisition, which was universally popular, so voters were stuck with getting a worthless Shooters site along with Rocky Point. Next time get your facts straight.
6:13 PM Thu, Apr 29, 2010 | Permalink
Philip Marcelo Email
PROVIDENCE, R.I. — State Department of Environmental Management Director Michael Sullivan has asked Governor Carcieri to consider preserving the state-owned former Shooters nightclub property for future open space and recreational uses, similar to those advocated by Fox Point residents.
Sullivan says he suggested using a proposed $10-million bond, which would have to be approved by voters in November, to fulfill the state’s obligation to the federal Highway Administration for helping purchase the nightclub, pay for demolishing the building, and fund a plan for future use.
The bond would also go to finance other preservation initiatives elsewhere in the state, including the former Rocky Point Amusement Park in Warwick, he said.
John, paraphrase your comments all you like. Folks voted, government responded. Gosh, it was okay to waste money in Warwick, but not Providence? I certainly didn’t want any money used to purchase land in Warwick, but I did in Providence. Warwick waste is okay, but not Providence waste? I don’t understand you. Another conflicted local looking for someone to blame excpet themselves. Nice work.