relbatnrut t1_jbuipei wrote

And then more rich people from Boston and New York are attracted to a perfect little gentrified city and more luxury housing is built and rents are still sky high but it's okay because the filtering effect will probably kick in sometime around 2045 and housing will finally be affordable.


relbatnrut t1_jbui0t7 wrote

Population, Census, April 1, 2020 190,934

Population, Census, April 1, 2010 178,042

Not sure why this is upvoted. The 2021 number is only an estimate and also is only a decrease of about 700 people from 2020.

The city has also grown every census since 1990, when it had a population of 160,728.


relbatnrut t1_jbqtf8l wrote

In practice what this has done is shift the demographics of Providence, attracting rich people from Boston and New York who can afford higher prices. It's not that no one can pay these prices (see: Providence's population growing even as housing prices rise exponentially). It's that the people who can pay those prices aren't the same people in Providence who need housing.


relbatnrut t1_jbqoemv wrote

Developers develop when it's profitable. It's profitable right now to develop luxury housing because owners can be sure that they will make a shitload of money in rent. It's not as profitable to develop affordable housing, since the rent recouped is far lower.

Yes, we should build. And one of the arguments for building is that rich people will stop occupying otherwise affordable housing and move into luxury developments. But there are only so many rich people, and at a certain point, building luxury housing will no longer be profitable and the filtering effect will diminish. Without that incentive, developers will have to accept a far lower profit and build housing for normal people, and it's not clear that they will do so.

That's why we need a public developer unmoored from the profit motive. It's also why we should fight to make sure larger allocations of affordable housing are included in luxury developments, because that's a unit you know will be affordable, as opposed to a theoretical unit that might open up because a rich person moves into a luxury development.


relbatnrut OP t1_jamfwkf wrote

PROVIDENCE – The city has announced the rates for its new community electricity aggregation program set to begin in May.

The Providence Community Electricity Program will automatically give residents and small businesses an alternative electricity supplier at a lower cost and with more power from renewable sources. The rates will be fixed over an initial six-month period from May through November.

Three new, competitively priced electricity options will be offered: a 100% renewable energy option, a 50% renewable energy option, and an option with only the minimum amount of renewable energy, each competitively priced at market rates, according to the release.

The Providence Standard, the option with the minimum amount of 5% voluntary renewable energy, will be 9.3 cents per kilowatt-hour. Providence 50, the 50% renewable energy option, will be 10.22 cents per kilowatt-hour and Providence 100, the 100% renewable energy option will 12.3 cents per kilowatt-hour.

Providence is among seven municipalities in Rhode Island to launch the state’s first municipal aggregation programs. The other communities are Barrington, Central Falls, Narragansett, Newport, Portsmouth and South Kingstown. Each community is launching its own distinct program in May, but by combining their buying power to procure a common electricity supplier, Next Era Energy Services LLC, the communities were able to secure an electricity supply with a lower rate and more renewable energy than Rhode Island Energy’s supply option.

The contract awarded to NextEra Energy Services sets the default supply and pricing provided to participating customers to include 10% more renewable energy than the state minimum. Ratepayers can opt to increase or decrease the percentage of renewable energy in their individual supply, which will impact prices, Jamie Rhodes, sales manager for Good Energy LP, said in September.

All Providence residential and business electricity customers currently using Rhode Island Energy’s Last Resort Service will be automatically enrolled in the Providence Community Electricity Program’s standard electricity option as of their May 2023 meter read date.

Residents will receive a letter notifying them of the upcoming enrollment, providing instructions on how to choose a different program option other than the standard they are automatically enrolled in, and how to opt-out of the Providence Community Electricity Program. Anyone that does not want to participate in Providence Community Electricity may opt out without penalty at any time.


relbatnrut t1_ivcjdqw wrote

Reply to comment by glump1 in Urban Greens Food Coop by Ok-Fortune-7745

If you asked a bunch of people "what is a co-op" I think most people would think of consumer co-ops before workers co-ops, so I don't think it's deceptive. Consumer food co-ops are common across the US. Would be a whole lot better if it was a worker co-op though.