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Rhode Island’s Tallest Building Will Soon Go Dark

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In the meantime, the Superman building will stand dark and empty.

That’s a mistake, says Retsinas, who lives in Providence. He likens the significance of the building in Providence to the Empire State Building in New York.

“Buildings like that are also advertisements about the city. It’s sending a signal to the rest of the city that we’re willing to write off this building,” he says. Rather than turning off the lights and letting it sit empty, Retsinas suggests a phased transition: keeping the lights on and possibly putting something in on the ground floor.

In Detroit, which is hurting much more than Providence and has many more vacant large buildings, the government has worked to find tenants for some empty properties. For example, the state moved some of its offices into General Motors’ old corporate headquarters after GM moved out.

Rhode Island Gov. Lincoln Chafee last year suggested the state move employees into the Superman building, but that idea has gone nowhere.

Washington, D.C., has gone further. It taxes vacant and blighted properties at a higher rate, giving property owners a disincentive to sit on an empty building as they wait for a turnaround in the market or try to extract something such as tax breaks.

Rhode Island was once a manufacturing powerhouse and is still covered with old mill buildings, but many are vacant or have been turned into housing or office space. The state has struggled over the past 25 years or so to make the transition to a service and information economy.

The most recent attempt was a $75 million state loan guarantee handed out in 2010 to a video game company started by former Red Sox pitcher Curt Schilling. The company declared bankruptcy last year, leaving taxpayers on the hook.

Given that debacle, it is unclear whether lawmakers have the appetite to grant what could be tens of millions of dollars in tax credits to get the Superman building back up and running, even given its significance to the state.

Brown University sits atop the city’s College Hill and overlooks the skyscraper. Mike McCormack, an architect and assistant vice president for planning at the Ivy League school, says downtown is filled with beautiful, historic buildings, but the city needs to figure out how to “reoccupy” it.

“There needs to be life on the street. People have to walk around and feel like there’s energy,” he says.

“Then it encourages investment, it encourages entrepreneurs.”

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Posted by FanningCommunications on May 1st, 2013 and filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site

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