Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves $25 million bond authorization to buy city office space and WaterFire arts building
Summary
The Providence City Council approved a bond authorization to allow a municipal authority to acquire 444 Westminster Street and the WaterFire Arts Building, citing long-term savings compared with escalating rent and maintenance costs.
The Providence City Council approved a resolution authorizing bonding to acquire two properties used by the city: 444 Westminster Street and the WaterFire Arts Building.
Chairwoman Ryan, speaking for the finance committee, said the bond—approximately $25 million—would let the city end a long, expensive lease and bring multiple city departments under municipal ownership. Ryan said the city currently pays about $1.7 million annually to rent the building, which houses roughly 10 departments and about 70,000 square feet of space, and that the purchase…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
