Valley Breeze

The Valley Breeze Pawtucket 11-26-2019

The Valley Breeze Newspapers serving the Northern Rhode Island towns of Cumberland, Lincoln, Woonsocket, Smithfield, North Smithfield, Pawtucket, North Providence, Scituate, Foster, and Glocester

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PAWTUCKET EDITION | VALLEY BREEZE | NOVEMBER 26-DECEMBER 3, 2019 PAWTUCKET / THE VALLEY 7 p.m. at Bryant University. The Saints will take a 4-5 mark into their clash with the Quakers, who had lost their first seven games before defeating Cranston East, 19-10, in their non-league game on Nov. 15. Moses Brown leads the hol- iday series, 4-3, thanks to the Quakers' close 39-36 victory in 2017 and 28-20 win in last year's game. FOOTBALL From Page One is needed to raise the capi- tal needed for the project. "Nexus bought this build- ing five years ago with the intentions of bringing residents to an area that doesn't see much action after business hours," said D'Agnillo. "We appreciate the city's backing, and look forward to our other neigh- bors jumping in as well." This $7.5 million proj- ect represents the "larg- est investment in recent memory" for the down- town area, said Commerce Director Jeanne Boyle, emphasizing the impor- tance of adding new resi- dents to patronize existing businesses. She said this "is really going to be some- thing that's a huge shot in the arm to the downtown." Councilor Terry Mercer said he's typically reluctant to approve 10-year tax agreements. He asked the developers why they think a deviation to a 10-year agreement is appropriate. D'Agnillo said such an agreement allows a favor- able appraisal to cover gaps in financing, where a five-year agreement likely wouldn't be sufficient. The developers said they're excited about tak- ing this leap in Pawtucket's downtown through a his- toric rehabilitation, with development expected to last one year. Market rents would be between $1,100 and $1,500. At the end of the 10-year agreement, taxes will jump to $94,000 annually (cur- rent $15,485) on this $7.5 million project that will bring a projected taxable value on improvements of $2.8 million when com- pleted. There will be 31 total parking spots, with six permanent spaces reserved for the Pawtucket Library nearby. Gregory Rice, owner of 26 and 28 Summer St. nearby, encouraged the council to approve the tax agreement, saying, "I don't see anybody taking Pawtucket, downtown that is, by the horns," and he gives these men credit for taking a big risk. Wildenhain said he offered his proposed future revisions to Pawtucket's Tax Stabilization Program "so everyone who comes to the city with an ask knows what the ask is." Despite not supporting the tax agreement, he said he appreciates what the own- ers of the Feldman building are doing and hopes it will lead to further investments. Every proposal should be evaluated on an indi- vidual basis and what's best for the city and its taxpayers, said Wildenhain. His proposal calls for the council to have the author- ity to modify tax exemp- tion schedules during the approval process. Mercer agreed with Wildenhain about stan- dardizing the process and taking each proposal on its merits, saying he's long shared his colleague's con- cerns about lengthy tax treaties "and whether it's worth it for us to approve them as they come to us." Like Wildenhain, he noted the seemingly greater attractiveness of a nearby proposal for a five-year tax agreement to make way for a new Seven Stars Bakery. Having said that, this is a big risk by the develop- ers, said Mercer, and after hearing from Boyle and Tax Assessor Bob Burns explaining the terms, he was willing to support it. Mercer said he hopes tax agreements of 10 years or longer won't become the norm in the city, imploring officials to let it be known that this isn't the new stan- dard. "Simply because it's what you need does not mean it's what you're going to get," he said. Burns explained at length why this stabilization agree- ment makes the project fea- sible. The developers are "not a Baccari, they're not a Carpionato," he said, ref- erencing the state's larger developers. "They're two guys who are taking a chance on doing a development in downtown Pawtucket, where no one has been in I don't know how many years," he said. This investment is more than anyone's done to date in the downtown, he said, including Pet Food Experts. Councilor John Barry said this is a significant amount of money being put into a building that was once a furniture store and has sat empty for many years. While tax agree- ments sometimes feel for- eign in Pawtucket, he said, "they do this all the time in Providence" to rehab old properties. In Providence, the emphasis is on develop- ing "critical mass" where people are living, eating, working and going to the shops, he said. That is what will also hopefully happen in Pawtucket if the city takes changes. Other council members also voiced support for allowing this project to pro- ceed, while also thanking Wildenhain for his efforts to revamp the process. TREATY From Page One do you know? You're holding 1 newspaper, but we fill 5 every week! They're all at Music at the Meeting House presents An Old English Christmas GLOCESTER – Music at the Meeting House will pres- ent An Old English Christmas on Sunday, Dec. 1, at 2:30 p.m., at the Chepachet Baptist Church, 1213 Putnam Pike. The concert will feature English Christmas favorites featuring soloists Arielle Rogers, Amanda Santo, Jason Shealy, and Grace Norton, accompanied by Marie Kane on piano. Bell ringers from the Greenville Baptist Church, trumpeter Klancy Martin, recorder players Marie and Colin Kane, brass virtuoso Tom Kane, and organist Marilyn Knight will also contribute. The Christmas Story will be read from the Bible, and the congregation will be asked to sing familiar English-origin Christmas hymns. The concert is open to the public without charge, but a free will offering will be taken. Refreshments will be served afterwards. For more information, visit Concert honors first responders SCITUATE – An Appreciation Concert will be held to honor first respond- ers, fire, police and military personnel on Sunday, Dec. 8, at 2 p.m., at Scituate High School, 94 Trimtown Road. Entertainment will be pro- vided by Kelley Lennon and The American Band. Mike Montecalvo, of WPRI, will host. The event is produced by retired Lt. Gen. Reginald Centracchio. Admission is free.

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