For the unapologetic optimists, 2008 has presented an extraordinary challenge. Across the nation and around the world we have witnessed the collapse of the real estate market and the banking industry, the destruction of trillions of dollars of investor value, and the loss of millions of jobs. And here in Rhode Island, the state remains unable to craft a budget that does not implode.
The Stories of the Year in this week’s Focus Section reflect that grim reality.
But 2008 had some positive moments, too.
For example, the rise and fall of energy costs have made the discussion about alternatives to fossil fuels more urgent, pushing Gov. Donald L. Carcieri to choose a company to build a wind power farm off the coast. In addition, Rhode Island is in the process of creating a plan for off-shore energy development, and the federal government would like to see that approach duplicated by all states with ocean coastline.
The Iway project – R.I. Department of Transportation shorthand for the relocation of Interstate 195 in Providence – is starting to show tangible progress, with all eastbound traffic now traveling on the new road. The full project, which includes relocating westbound traffic and demolishing the old highway and bridge, will not be complete until 2012, but the opportunity it presents to the city is immense. Nearly 20 acres of real estate along the Providence River will be open for development, we hope with creativity and vision, and a commitment to the common good.
In other good news, Naval Station Newport increased its training capability and Tufts Health Plan made its entrance into the state.
So yes, let’s approach the New Year with caution and care – but also with a modicum of hope. •
