Submitted by The_Dream_of_Shadows t3_11o0fac in RhodeIsland
jjayzx t1_jbqaufi wrote
Reply to comment by captainastryd in Fane Tower project in Providence is dead by The_Dream_of_Shadows
It appears luxury housing is the only damn thing being made and allowed to continue. It's fuckin stupid the shit that's being pulled everywhere with housing. Here in EP the mayor made a big photoshoot before election of "breaking ground" on a housing project, that's been sitting for years. A percentage of which is supposed to be affordable. That pile of dirt that they literally brought in instead of actually just digging some up from this empty lot is still there, untouched. While on the other end of the street a nice apartment or condo building is put in. Then there's the Kettle Point development that literally paid a fine just so they wouldn't have to do a percentage for "the poors". Then up the road more where there was gonna be a huge waterfront development with a bunch of housing, a percentage affordable, and shops, restaurants and what not. Straightened out the land and now just sitting there some years, long empty waterfront strip. Then there's Exxon that owns the most land in the city and most of it empty now and they don't pay property taxes on any of their land, I looked it up. It's all valued at $0.
FoleyisGood t1_jbqcgry wrote
Smilin' Bobby loves his photo shoots!
Proof-Variation7005 t1_jbqgec9 wrote
>It appears luxury housing is the only damn thing being made and allowed to continue.
I think the problem with that is we either need to invest a LOT of public money to subsidize housing or rely on what private developers are willing to pay for.
Anyone willing to build a building full of sub $2000/month apartment when they could be do one thats changing more is probably too stupid to afford it.
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