Submitted by Ph886 t3_11nzf2m in providence
Proof-Variation7005 t1_jbqm995 wrote
Reply to comment by relbatnrut in Fane Tower project in Providence is dead by Ph886
> If NYC can do it, Providence can do it).
New York City is the economic capital of the western hemisphere. The tax base is incredibly strong and Manhattan, the smallest borough, is still about 10% larger than all of Providence.
It's absurd to assume we're capable of that and that's without getting into the reality that the early 1950s and and early 2020s aren't exactly the same landscape.
Even then, New York City and Manhattan itself still aren't cheap. The rent on that development is great for the 6,000 or so households living in them but it didn't do a damn thing for everyone else.
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