PROVIDENCE, R.I. — In a story Sept. 20 about a development on former Interstate 195 land, The Associated Press reported erroneously on the amount of taxpayer subsidies the first phase of the project is receiving. The project is receiving $32.2 million in direct taxpayer subsidies, according to the Commerce Corp., not $158 million.
A corrected version of the story is below:
Development on former I-195 land to break ground next week
Democratic Gov. Gina Raimondo’s office says a multimillion-dollar development planned for the area Interstate-195 used to occupy will break ground next week in Providence
PROVIDENCE, R.I. — Democratic Gov. Gina Raimondo’s office says a multimillion-dollar development planned for the area Interstate-195 used to occupy will break ground next week in Providence.
WPRI-TV reports that the area will be transformed into the Wexford Science & Technology innovation campus.
Officials first announced a multi-use complex for the area in May 2015. A spokesman for Raimondo says Monday’s groundbreaking will be “the fruit of the governor’s efforts.”
The first phase of the project will cost $158 million, about $32 million of which is paid for with taxpayer subsidies.
Tenants for the first phase include Brown University’s School of Professional Studies, the Cambridge Innovation Center and a 170-room hotel.
Plans for the second and third phases have not been confirmed.