Fane Addresses Next Steps for Tower Proposal on LIVE
Fane Addresses Next Steps for Tower Proposal on LIVE
"I thought Monday night was a big success," said Fane. "We had a lot of top experts [who] strongly endorsed the project."
As GoLocal reported, "VIDEO $300M Fane Tower Plan Sparks More Debate in Providence Showdown."
Opposition
Fane addressed some of the issues the opposition has focused on, from the tower's potential impact on the real estate market, and more.
"The local landlords who are worried about us as competition are basically saying we will be providing what people want to live in," said Fane. "Our effect on the competition will be a lot less than what they anticipate because Providence has 180,000 people and will have space for about 800 people an that would be distributed across the competition. And the population of Providence is growing party due to the government’s economic development programs and partly due to expansion of businesses and institutions that are already here."
"So it will actually be more than enough business for everybody but to the extent a particular landlord is having problems renting one of his apartments, I would advise him first look at the apartment and fix whatever’s wrong with it and if that doesn’t solve the problem take down the rent to what it really should be," said Fane.
Fane also talked about next steps in the process, talked about opponents who suggest he build the building elsewhere — or shorter — and that he “can’t to everything for everybody on every possible problem.” Fane encouraged people interested in living in the tower to reach out to him