Citizens campus in Johnston on schedule for August opening

AN INTERIOR RENDERING of the new 420,000-square-foot Citizens Financial Group Inc. corporate campus in Johnston. The facility is on schedule to be completed in time for employees to start working there in August. / COURTESY CITIZENS BANK
AN INTERIOR RENDERING of the new 424,000-square-foot Citizens Financial Group Inc. corporate campus in Johnston. Public officials are expected to join the bank Tuesday for an opening ceremony. / COURTESY CITIZENS BANK

JOHNSTON – Citizens Financial Group Inc. is on schedule to complete its 420,000-square-foot campus in time for employees to start working there in August.

Chairman and CEO Bruce Van Saun last week told Providence Business News the Johnston project is moving along smoothly.

“We’re on schedule, pretty much on budget and we’ve had great cooperation from local and state authorities,” he said.

The Providence-based parent of Citizens Bank broke ground in August 2016. About 3,000 employees are expected to work there beginning in August. Construction costs were originally expected to exceed $200 million. Van Saun said the development to date has stayed relatively close to that estimate.

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The buildings are now enclosed, Van Saun added, and builders are working on the interior. The campus will include various recreational grounds that will be open to the public. The chief executive plans to celebrate the opening of the campus with a ceremonial bocce game against Johnston Mayor Joseph M. Polisena.

The town in 2016 struck a tax-stabilization agreement with Citizens, which helped lure the company to build its campus there. The company is expected to pay the town $250,000 per year for 20 years for a total of $5 million.

“I marvel at how well the whole project is progressing,” Van Saun said.

Correction: An earlier version of this story misstated how much Citizens would pay Johnston each year under the tax-stabilization agreement. 

Eli Sherman is a PBN staff writer. Email him at Sherman@PBN.com, or follow him on Twitter @Eli_Sherman.

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