TO THE RESCUE? ‘Superman’ building project could key downtown recovery

LASTING MARK? Providence Mayor Jorge O. Elorza, who cannot run in November for another term, is hopeful a renovated Industrial Trust Co. Building will add to the vibrancy of Kennedy Plaza, which the city is eying for a $140 million overhaul. / PBN PHOTO/PAMELA BHATIA
LASTING MARK? Providence Mayor Jorge O. Elorza, who cannot run in November for another term, is hopeful a renovated Industrial Trust Co. Building will add to the vibrancy of Kennedy Plaza, which the city is eying for a $140 million overhaul. / PBN PHOTO/PAMELA BHATIA
The Industrial Trust Co. Building holds a towering place in Neil D. Steinberg’s memory. He started his banking career there nearly half a century ago, a junior executive helping customers open checking and savings accounts, and he eventually rose to the top as CEO of Fleet National Bank, which had its headquarters in the 26-story…

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3 COMMENTS

  1. As much as I love the building, having spent the first 17 years of my career working there, I think we are all kidding ourselves that it is only going to take $65 million of tax payer money to bring it back to life. BTW, for that $65 million the taxpayers should get at least 30% ownership of the building.
    I spent my entire 43 year career working in downtown PVD (almost 100% in the Superman and Fleet Center Buildings) and have watched the city steadily deteriorate ever since Cianci left office for the last time. I fear Elorza and Covid have driven the final nails in its coffin and I have zero confidence in the ability of any of the current PVD mayoral candidates to turn things things around.