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JoeFortune1 t1_jbqg88o wrote

Reply to comment by FunLife64 in Fane Tower project in Providence is dead by Ph886

Benefit street used to be a poor neighborhood before it became upscale as it is now. This is our city and we should be able to demand and create affordable housing anywhere we want.

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Ok_Culture_3621 t1_jbqlto1 wrote

When was benefit street poor? And which end? That was were Buddy lived and the Brown family etc, etc, etc.

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FunLife64 t1_jbqrii4 wrote

If Rhode Island had more development and jobs…the housing wouldn’t be so unaffordable….

The median household income in Mass compared to RI is a 22% difference.

We lack good jobs because we don’t have good economic development and chase everything out of town because of things like it’s too tall, it blocks the abandoned Superman building, it’s too modern.

People tried to push against a building next to the interstate and Trader Joe’s that was proposed to be a company’s headquarters….because of TRAFFIC. Are you joking? What 8 story office building next to highway on/off ramps creates widespread traffic problems.

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FunLife64 t1_jbswhbd wrote

Also kudos to the people that downvote better jobs! Lol what in the world

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Proof-Variation7005 t1_jbqlixe wrote

How? There isn't a huge plethora of underdeveloped land and the amount of tax money it'd cost to even add 1,000 units is going to have the net effect of property taxes (rent) going up for everyone else.

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JoeFortune1 t1_jbr4l3k wrote

If there is land for luxury condos, that land can be used for other things as well. Supposedly some trickle-down effect from a project like Fane will eventually benefit the people who actually need affordable housing in Providence. I don’t think it benefits the people who need it

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Proof-Variation7005 t1_jbt0voy wrote

I think building affordable housing at the scale needed to make a dent takes a lot more than one parcel of land. And the city and state definitely can not afford it.

The net result of this tower not happening is we’ll have the same increasing amount of people competing for an amount of housing that isn’t increasing proportionally. Realistically, we need to be adding thousands apartments at every price point. Prices will always be high if demand outpaces supply

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JoeFortune1 t1_jbtkwvw wrote

I could be incorrect but from what I’ve seen there have been multiple towers and other luxury buildings opened to high end buyers/tenants that had a very difficult time filling up and with a lot of empty spaces. Building these high end towers might theoretically lower prices down the road a few years-maybe.

The state needs to be creative and make some budgetary changes in order to afford to build housing. The state can’t afford it and people can’t afford their rent. So the only solution I ever see proposed is to build luxury condos. It’s a stretch to say this will benefit the working class and poor

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