4. Assets
• Location between Boston
& New York
• Train station
(Amtrak/MBTA)
• Colleges & universities
• Arts
• State capital
• Compact size
• Historic fabric
• Restaurants
37. 20 years of downtown investment:
What has it produced?
• Total space rehabilitated and/or constructed
(including Jewelry District and Capital center):
11 million SF
• Private investment: >$2 billion
• New housing: 1,400 units; 98% occupancy
• Employment: 38,980 (02903 zipcode)
• Retail: 27% vacancy (2003) 13% (2013)
• WaterFire alone produces 1,000,000 visitors &
1,300 jobs
38. Why has Providence been successful?
Fundamental elements
1. Create a vision that is bold, yet rooted in community
assets.
2. Get consensus.
3. Have strong leadership.
4. Have cooperation and buy-in from all levels of
government, private sector, individuals and institutions.
5. Develop good communication among key stakeholders.
6. PERSISTENCE! Have long-term viewpoint and long-
term players.
7. Celebrate successes along the way.
8. Design excellence. Artists and architects add value.
9. CONNECT! Cities are about connection.
adapted from Urban Land Institute’s report by William P. Macht:
Remaking the Urban Waterfront, 2003 Rudy Bruner Award for Urban
Excellence.
39. Success
• Use of federal
transportation funds
• State investments
• Partnership with city
• Transit oriented
development
• Downcity Fund (Main
Street program)
• Organizational
structure
40. Organizational lessons learned
• The Providence
Foundation
– Downcity Fund
• Providence Downtown
Improvement District
• Downtown Providence
Parks Conservancy
Working in partnership with
all levels of government!