relbatnrut
relbatnrut t1_jbukhf5 wrote
Reply to comment by ghogan1010 in Fane Tower project in Providence is dead by Ph886
Trickle down sounds good but it never actually works
relbatnrut t1_jbuiyhy wrote
Reply to comment by ghogan1010 in Fane Tower project in Providence is dead by Ph886
> And unless you’re looking to subsidize the private citizens who own those properties and charge rents based off supply and demand, Peter Pan is waiting for you in Neverland. >
I'd rather have rent control but you do you
relbatnrut t1_jbuipei wrote
Reply to comment by meme-scraperr in Fane Tower project in Providence is dead by Ph886
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
Reply to comment by Automatic-Attempt-81 in Fane Tower project in Providence is dead by Ph886
https://www.census.gov/quickfacts/providencecityrhodeisland
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_jbuhgqf wrote
Reply to comment by Synchwave1 in Fane Tower project in Providence is dead by Ph886
If people don't have to spend 60% of their income on rent they can contribute more to the rest of the economy. That helps everyone.
relbatnrut t1_jbt1vm7 wrote
Reply to comment by Ok_Culture_3621 in Fane Tower project in Providence is dead by Ph886
Many houses on it, particularly the north end, were almost razed in the '50s because they were in terrible shape and owned by slumlords. The Providence Preservation Society was formed to save them.
relbatnrut t1_jbqtf8l wrote
Reply to comment by realbadaccountant in Fane Tower project in Providence is dead by Ph886
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
Reply to comment by Proof-Variation7005 in Fane Tower project in Providence is dead by Ph886
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 t1_jbqh6bc wrote
Reply to comment by Proof-Variation7005 in Fane Tower project in Providence is dead by Ph886
Housing is affordable if the rent is low, hope that helps
relbatnrut t1_jbqh3ur wrote
Reply to comment by FunLife64 in Fane Tower project in Providence is dead by Ph886
That is affordable (public) housing on the water. The point is that it is on the water and surrounded by some of the most expensive housing in the world and is still affordable
relbatnrut t1_jbqdrx1 wrote
Reply to comment by FunLife64 in Fane Tower project in Providence is dead by Ph886
>is not where affordable housing is found in any city.
That doesn't have to be true and also isn't true in many places
See: a little city you may be familiar with https://en.m.wikipedia.org/wiki/Alfred_E._Smith_Houses. If NYC can do it, Providence can do it).
relbatnrut t1_jbq9dok wrote
Reply to Fane Tower project in Providence is dead by Ph886
Good riddance. Hopefully they can plan something that a) is in scale with the development of the surrounding area and b) provides actually affordable housing
relbatnrut OP t1_jamgu1g wrote
Reply to City to introduce Providence Community Electricity Program, offer electricity at lower rates than Rhode Island Energy by relbatnrut
According to this, RI Energy's rate is 17.85¢/ killowat-hour, so a reduction to 9.3¢ per kilowatt-hour will be substantial.
relbatnrut OP t1_jamfwkf wrote
Reply to City to introduce Providence Community Electricity Program, offer electricity at lower rates than Rhode Island Energy by relbatnrut
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_j7wfr7v wrote
Reply to Block Island, Rhode Island by ItsSimplyBelle
Man I miss summer
relbatnrut t1_j7uy7ne wrote
Because God hates us?
relbatnrut t1_j7uwhz3 wrote
Thailand Modern Eatery
relbatnrut t1_j74eyrb wrote
Reply to Trader Joe's is kicking our ass by [deleted]
Eastside Market kinda sucks, it's just Stop and Shop but more expensive
relbatnrut t1_j5z2i6f wrote
Reply to comment by BreadfruitInfamous17 in The owner of Rebelle Bagel was just named as 2023 James Beard Award Semifinalist by lestermagnum
I don't know if they recently changed their recipe or something, but I went recently after having not gone for a while and I thought it was much better than I remembered.
relbatnrut t1_j5w9rb2 wrote
Reply to The owner of Rebelle Bagel was just named as 2023 James Beard Award Semifinalist by lestermagnum
I've gotten Pizza Marvin twice and I thought it was pretty good but not exceptional. Fellini's is much better imo. Also, I read that it's supposed to be New Haven inspired pizza, but having had a decent amount of New Haven pizza, it's not really close to that style. Much thicker crust.
relbatnrut t1_j3y88o0 wrote
Not completely analogous, but here is a great article about the positive impact possible with an empowered and motivated housing agency
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.
relbatnrut t1_iuqywm2 wrote
Reply to comment by lom117 in The entrance and exit of Trader Joe's. Looks like trouble. by tads73
If it's Point/Wickenden, the shoulder becomes a bike lane between (approximately) the end of the bridge to the gas station.
relbatnrut t1_jctni04 wrote
Reply to comment by _Black_Metal_ in Providence, Rhode Island, 1940. by 13curseyoukhan
Crazy to think of that area as so bustling 60 Orange St https://maps.app.goo.gl/Ts3fRx11niB1rEYg9