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Providence, RI (2016)

Waterfire Arts Center

Nonprofit Behind Iconic Arts Display Finds Home With Tax Credit Help

Investment

  • NMTC Amount: $10,350,000
  • Total Project Cost: $14,115,156

IMPACT

  • 7 FTE jobs
  • 100 construction jobs
  • 35,000 sq. ft. of real estate

Investor

Project Description

Redevelopment of a 35,000 sq. ft. warehouse building in Providence, RI. The building provides an art center for the community and is occupied by WaterFire Providence.

MAP

Address: 475 Valley Street, Providence, RI 2908

Census Tract: 44007002500

Voices from the Community

New Market Tax Credits were critically important to WaterFire Providence in creating the WaterFire Arts Center which is transforming the underserved Valley/Olneyville neighborhood of Providence into a vibrant arts corridor.

-Peter Mello, Managing Director and coCEO, WaterFire Providence, Providence, Rhode Island

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