Waterfire Arts Center

Providence, RI (2016)

Waterfire Arts Center

Arts, Community, Theaters and Performing Arts Spaces

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

CDEs

Bank of America, Local Initiatives Support Corporation

Investor

Bank of America

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

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.