Welcome! Login | Register
 

Guest MINDSETTER™ Richard Ferruccio: Cost of Incarceration vs. the Cost of Crime—In a time of difficult state budgets, questions’…

It’s All About Education: Playing in the Woods Can Help Kids Reach Their Full Potential—A couple of months ago, I wrote a…

Chef Walters Flavor + Knowledge: Pan-Seared Scallops with Arugula Pesto—Cooking scallops requires a hot pan so that…

The Scoop: Michelle Obama’s Raimondo Video Message, Gorbea’s New Ad, and More—Welcome back to The Scoop, the 4 p.m.…

Victorian Mourning Customs on Display at Hearthside this Weekend—Lincoln's Hearthside House hosts its annual exhibition on…

RI Building & Construction Trades Council to Hold Walk-a-Thon for Big Brothers Big Sisters—Rhode Island Building & Construction Trades Council will…

Report: Patriots Bolster Roster With Two Moves—Tuesday's are generally off days at Gillette Stadium.…

Hospital Association of Rhode Island Releases Joint Statement on Ebola Preparedness—The Hospital Association of Rhode Island (HARI) has…

RI GOP Official Talan Endorses Elorza for Mayor; Harrop Responds—Dave Talan, Corresponding Secretary for the RI GOP,…

Michael Riley: Projo, Elorza and Cianci are all Blind to Reality—Recently the Providence Journal endorsed Jorge Elorza over…

 
 

NEW: Solomon Unveils Plan to Create 2,000 Jobs, Rebuild Schools

Wednesday, April 16, 2014

 

Providence mayoral candidate and City Council President Michael Solomon unveiled a detailed 10-year vision to rebuild Providence’s neighborhood schools and create 2,000 jobs on Wednesday.

In an eight-page plan available on his website, Solomon proposes investing $250 million to rebuild the city’s schools over the next 10 years. The plan will create 2,000 jobs and ensure proper learning environments for students and teachers.

“Our campaign’s big idea is to strategically invest in education and jobs: the two keys to expanding opportunity and rebuilding our city’s middle class,” said Solomon. “Rebuilding our city schools will achieve many important policy goals in economic development and education: creating first-rate learning environments for our children; transforming our facilities to encourage increased technology use by our teachers; and creating 2,000 good jobs for people in the community by utilizing First Source, apprenticeship programs, as well as local, minority and women contractors.”

Outdated school facilities

Many of Providence’s schools are more than 50 years old and some are more than 100 years old. These aging school buildings are plagued by facility issues, including leaky roofs, peeling paint, water damage, malfunctioning heating systems and crumbling ceilings. According to RIDE, studies show a correlation between student achievement and the physical teaching and learning environments in which they are educated.

“I support Michael Solomon’s vision for rebuilding our city schools. We need to provide our children with school facilities that demonstrate how important their education is to us,” said East Side City Councilman and Special Committee on Education Chairman Sam Zurier. “Quality school buildings promote a productive learning environment.”

Plan calls for $40 million investment in schools

Michael Solomon’s plan begins this year with a plan to invest upwards of $40 million to make Providence’s schools warm, safe and dry. This first round of improvements will focus on emergency repairs, such as fixing leaking roofs, replacing outdated heating systems, and updating the schools’ fire systems to make sure Providence’s children are safe in their classrooms.

“It is time to invest in Providence’s schools and ensure that children in every neighborhood have access to a high quality school,” said Keith Oliveira, president of the Providence School Board. “Michael Solomon’s plan to repair and rebuild our schools will help move Providence forward.”

As Mayor, Michael Solomon will work with community leaders, the Providence School Board and superintendent, as well as parents, teachers and students, to create a comprehensive school facilities plan to redevelop the city’s schools into the first rate centers of excellence of Providence students deserve. Solomon recently sponsored a City Council Resolution calling for the Superintendent to issue a Request for Proposals (RFP) to get the master plan process started.

The plan proposes to bring educational experts, community stakeholders, students, parents and teachers together to prioritize school repairs. RIDE regulations require a capital or master plan every five years. Providence is long overdue for an updated plan; the last comprehensive school facilities plan with significant public engagement happened eight years ago in 2006. The plan was updated in 2010, however, an updated master plan is needed to serve as a vision document for repairing and renovating the city’s worst schools.

The plan will outline a 10-year investment to rebuild Providence’s schools. This vision will cost city taxpayers approximately $50 million as the city will be reimbursed for 80 percent or $200 million of our school construction spending, based on the school construction moratorium scheduled to sunset this June.

Over the next 10 years, $30 million in annual debt service payments will be off the city’s books. This opens the door for the city to leverage the necessary funds to implement this vision.

Modern public schools linked to future prosperity

“Safe and modern public schools are linked to the city’s future prosperity,” said Gary Sasse. “The plan to finance $250 million of public school infrastructure improvements is not only necessary, but it is affordable. The borrowing for school facility improvements are scheduled to be phased in over several years, allowing for flexibility if economic and fiscal conditions change.”

Michael Solomon’s plan to rebuild and repair Providence’s schools proposes to create 2,000 good-paying construction jobs in the city, putting residents back to work.

“This plan to rebuild our schools is long overdue,” said Rochelle Lee, a policy expert in community development. “Rebuilding our schools will create jobs in the community, generate work for our minority contractors, and create first-class classrooms for our teachers and students. This is a win-win for community development.”

 

Related Slideshow: Current Tax Stabilization Agreements in Providence

Prev Next

130 Westminster St.

The Arcade - 103 Westminster St. Associates, LLC

Approval Date: 12/31/2012

Assessed Valuation: $1,826,200

Actual Tax Prior to TSA: $44,137

2013 True Tax: $67,113

2013 Stabilized Tax Payment: $16,742

Tax Status: Current

End Date of Agreement: 12/31/2022

Prev Next

122 Fountain St.

Sportsman Inn - HM Ventures, LLC

Approval Date: 4/20/2012

Assessed Valuation: $1,607,800

Actual Tax Prior to TSA: $77,010

2013 True Tax: $59,087

2013 Stabilized Tax Payment: $9,601

Tax Status: Past Due

End Date of Agreement: 12/31/2022

Prev Next

244 Oak St. + 33 Magnolia St.

Roger Williams Brewery, LLC

Approval Date: 1/1/2012

Assessed Valuation: $496,800

Actual Tax Prior to TSA: N/A

2013 True Tax: $18,257

2013 Stabilized Tax Payment: $18,140

Tax Status: Past Due

End Date of Agreement: 12/31/2024

Prev Next

1 AT&T Plaza

Hasbro - Empire LaSalle, LLC

Approval Date: 7/1/2012

Assessed Valuation: $25,092,400

Actual Tax Prior to TSA: $547,553

2013 True Tax: $922,146

2013 Stabilized Tax Payment: $47,568

Tax Status: Current

End Date of Agreement: 12/31/2024

Prev Next

100 Weybosset St.

Providence G Building - Providence Capital, LLC

Approval Date: 3/20/2012

Assessed Valuation: $2,575,400

Actual Tax Prior to TSA: $129,610

2013 True Tax: $94,609

2013 Stabilized Tax Payment: $32,557

Tax Status: Current

End Date of Agreement: 7/1/2025

Prev Next

11 Dorrance St.

The Biltmore

Approval Date: 3/15/2012

Assessed Valuation: $20,162,400

Actual Tax Prior to TSA: $694,575

2013 True Tax: $740,698

2013 Stabilized Tax Payment: $124,506

Tax Status: Past Due

End Date of Agreement: 12 Years from Commencement

Prev Next

1 Park Row West

Johnston & Wales University Dorms - Capitol Cove, LLC

Approval Date: 3/11/2005

Amendment Date: 3/8/2010

Assessed Valuation: $2,252,500

Actual Tax Prior to TSA: $518,247

2013 True Tax: $82,779

2013 Stabilized Tax Payment: $968,606

Tax Status: Current

End Date of Agreement: 12/31/2023

Prev Next

125 Washington St.

Mercantile Block Assoc., LLC

Approval Date: 11/16/2009

Assessed Valuation: $1,758,000

Actual Tax Prior to TSA: $59,851

2013 True Tax: $64,607

2013 Stabilized Tax Payment: $34,248

Tax Status: Current

End Date of Agreement: 12/31/2020

Prev Next

1 Sims Ave.

Milhaus LLC - The Steel Yard

Approval Date: 1/8/2007

Assessed Valuation: $323,400

Actual Tax Prior to TSA: N/A

2013 True Tax: $11,885

2013 Stabilized Tax Payment: $19,641

Tax Status: Current

End Date of Agreement: 12/31/2016

Prev Next

60 Valley St.

60 Valley St. LLC (c/o Armory Revival)

Approval Date: 9/26/2006

Assessed Valuation: $2,797,000

Actual Tax Prior to TSA: $14,333

2013 True Tax: $102,790

2013 Stabilized Tax Payment: $11,730

Tax Status: Current

End Date of Agreement: 12/31/2016

Prev Next

160 Niantic Ave.

160 Niantic Ave. Morvco Realty LLC

Approval Date: 5/27/2004

Assessed Valuation: $1,305,300

Actual Tax Prior to TSA: $50,612

2013 True Tax: $47,970

2013 Stabilized Tax Payment: $38,550

Tax Status: Current

End Date of Agreement: 12/31/2015

Prev Next

50 Holden St.

Promenade Building Assoc. - The Foundry

Approval Date: 5/17/2004

Assessed Valuation: $4,238,200

Actual Tax Prior to TSA: $42,802

2013 True Tax: $155,754

2013 Stabilized Tax Payment: $104,814

Tax Status: Current

End Date of Agreement: 12/31/2015

Prev Next

21 Gordon Ave.

South Providence Development Corp. (Keith Fernandez)

Approval Date: 1/16/2004

Assessed Valuation: $1,042,600

Actual Tax Prior to TSA: $5,708

2013 True Tax: $38,316

2013 Stabilized Tax Payment: $10,984

Tax Status: Past Due

End Date of Agreement: 12/31/2016

Prev Next

10 Memorial Blvd.

GTECH Corp. Headquarters

Approval Date: 7/15/2003

Assessed Valuation: $54,767,800

Actual Tax Prior to TSA: $236,619

2013 True Tax: $2,012,717

2013 Stabilized Tax Payment: $1,100,000

Tax Status: Current

End Date of Agreement: 12/31/2026

Prev Next

65 Eddy St.

Peerless Lofts

Approval Date: 11/22/2002

Assessed Valuation: $12,843,700

Actual Tax Prior to TSA: $80,100

2013 True Tax: $472,006

2013 Stabilized Tax Payment: $33,407

Tax Status: Current

End Date of Agreement: 12/31/2016

Prev Next

235 Promenade St.

Promenade Building Assoc. - The Foundry

Approval Date: 11/22/2002

Assessed Valuation: $15,810,300

Actual Tax Prior to TSA: $58,201

2013 True Tax: $581,029

2013 Stabilized Tax Payment: $30,345

Tax Status: Current

End Date of Agreement: 12/31/2015

Prev Next

236 Westminster St.

Alice Building LLC c/o Cornish Associates

Approval Date: 12/28/2001

Assessed Valuation: $3,680,500

Actual Tax Prior to TSA: $25,531

2013 True Tax: $135,258

2013 Stabilized Tax Payment: $13,439

Tax Status: Current

End Date of Agreement: 12/31/2014

Prev Next

100 Providence Place

The 903

Approval Date: 12/21/2001

Assessed Valuation: $68,573,700

Actual Tax Prior to TSA: $200,000

2013 True Tax: $2,520,083

2013 Stabilized Tax Payment: $620,474

Tax Status: Current

End Date of Agreement: 12/31/2015

Prev Next

95 Chestnut St.

Hacht Development, LLC

Approval Date: 4/15/2012

Assessed Valuation: $3,091,300

Actual Tax Prior to TSA: $110,665

2013 True Tax: $113,605

2013 Stabilized Tax Payment: $20,453

Tax Status: Past Due

End Date of Agreement: 12/31/2022

Prev Next

265 Oxford St.

Institute for Non-Violence

Approval Date: 1/1/2012

Assessed Valuation: $1,393,700

Actual Tax Prior to TSA: $32,928

2013 True Tax: $51,218

2013 Stabilized Tax Payment: $1,000

Tax Status: Current

End Date of Agreement: 12/31/2021

Prev Next

145 Globe St.

Victory Square - JAG Investment Realty, LLC

Approval Date: 7/18/2011

Assessed Valuation: $7,234,800

Actual Tax Prior to TSA: $294,485

2013 True Tax: $265,879

2013 Stabilized Tax Payment: $252,750

Tax Status: Current

End Date of Agreement: 12/31/2013

Prev Next

25 Eagle St.

Butcher Block Mill, LLC

Approval Date: 1/1/2011

Assessed Valuation: $590,500

Actual Tax Prior to TSA: $23,469

2013 True Tax: $21,701

2013 Stabilized Tax Payment: $11,431

Tax Status: Current

End Date of Agreement: 12/31/2023

Prev Next

50 Agnes St.

50 Agnes, LLC

Approval Date: 1/1/2012

Assessed Valuation: $521,800

Actual Tax Prior to TSA: $21,422

2013 True Tax: $19,176

2013 Stabilized Tax Payment: $16,807

Tax Status: Current

End Date of Agreement: 12/31/2024

Prev Next

103 Dike St.

Music House, LLC - Fete

Approval Date: 1/1/2012

Assessed Valuation: $589,700

Actual Tax Prior to TSA: $17,555

2013 True Tax: $21,671

2013 Stabilized Tax Payment: $5,417

Tax Status: Current

End Date of Agreement: 12/31/2024

Prev Next

41 Central St.

Yet Another LLC - Art Recreation Center

Approval Date: 4/16/2007

Assessed Valuation: $287,100

Actual Tax Prior to TSA: $12,879

2013 True Tax: $10,551

2013 Stabilized Tax Payment: $5,862

Tax Status: Past Due

End Date of Agreement: 12/31/2024

Prev Next

200 Allens Ave.

200 Allens Ave. LLC (Capstone Properties)

Approval Date: 1/8/2007

Assessed Valuation: $1,834,300

Actual Tax Prior to TSA: $74,754

2013 True Tax: $67,411

2013 Stabilized Tax Payment: $23,537

Tax Status: Past Due

End Date of Agreement: 12/31/2016

Prev Next

35 Hylestead St.

65 Pavillion LLC

Approval Date: 8/1/2005

Assessed Valuation: $675,500

Actual Tax Prior to TSA: $13,345

2013 True Tax: $24,825

2013 Stabilized Tax Payment: $9,752

Tax Status: Current

End Date of Agreement: 12/31/2016

Prev Next

203 Weybosset St.

Zampalis Realty (Zampalis Realty LLC)

Approval Date: 8/1/2005

Assessed Valuation: $547,900

Actual Tax Prior to TSA: $12,565

2013 True Tax: $20,135

2013 Stabilized Tax Payment: $31,300

Tax Status: Current

End Date of Agreement: 12/31/2024

Prev Next

166 Valley St.

Rising Mills Project (166 Valley St. LLC, Struever Bros)

Approval Date: 12/1/2003

Assessed Valuation: $16,749,900

Actual Tax Prior to TSA: $91,763

2013 True Tax: $615,559

2013 Stabilized Tax Payment: $80,535

Tax Status: Current

End Date of Agreement: 12/31/2011

Prev Next

100 Exchange St.

Intercontinental Fund IV F/K/A Cap Hill Prop

Approval Date: 1/16/2004

Assessed Valuation: $107,237,400

Actual Tax Prior to TSA: $1,888,763

2013 True Tax: $2,910,464

2013 Stabilized Tax Payment: $1,086,829

Tax Status: Current

End Date of Agreement: 12/31/2023

Prev Next

5 Avenue of the Arts

Masonic Temple - RP Providence Owner LLC

Approval Date: 7/15/2003

Assessed Valuation: $45,974,100

Actual Tax Prior to TSA: $79,072

2013 True Tax: $1,689,548

2013 Stabilized Tax Payment: $215,843

Tax Status: Current

End Date of Agreement: 12/31/2025

Prev Next

532 Kinsley Ave.

Monahasset Mills LLC

Approval Date: 11/22/2002

Assessed Valuation: $10,857,600

Actual Tax Prior to TSA: N/A

2013 True Tax: N/A

2013 Stabilized Tax Payment: $12,836

Tax Status: Credit

End Date of Agreement: 12/31/2017

Prev Next

210 Westminster St.

Harrisburg Assoc. LLC and Lerner Assoc. LLC

Approval Date: 11/8/2002

Assessed Valuation: $1,188,300

Actual Tax Prior to TSA: $19,404

2013 True Tax: $43,670

2013 Stabilized Tax Payment: $6,349

Tax Status: Current

End Date of Agreement: 12/31/2016

Prev Next

220 Westminster St.

Harrisburg Assoc. LLC and Lerner Assoc. LLC

Approval Date: 11/8/2002

Assessed Valuation: $2,004,800

Actual Tax Prior to TSA: $10,302

2013 True Tax: $73,676

2013 Stabilized Tax Payment: $10,302

Tax Status: Current

End Date of Agreement: 12/31/2016

Prev Next

100 Fountain St.

Steelwood (Palmer Building) (LAF Realty LLC Inc.)

Approval Date: 4/25/2002

Assessed Valuation: $503,300

Actual Tax Prior to TSA: $48,935

2013 True Tax: $18,496

2013 Stabilized Tax Payment: $22,970

Tax Status: Past Due

End Date of Agreement: 12/31/2016

Prev Next

77 Reservoir Ave.

Mashpaug Associates LLC

Approval Date: 11/9/2001

Assessed Valuation: $6,953,300

Actual Tax Prior to TSA: $113,538

2013 True Tax: $255,534

2013 Stabilized Tax Payment: $108,829

Tax Status: Current

End Date of Agreement: 12/31/2015

 
 

Related Articles

 

Enjoy this post? Share it with others.