Phase I of RIPTA’s P3 Project Underway

 

 

PROVIDENCE, R.I. – Last month, The Rhode Island Public Transit Authority (RIPTA) Board of Directors voted to approve a contract with Next Wave Rhode Island Partners for Phase 1 of a public-private partnership (P3) to design and construct a new transit center in Providence.

 

In the first phase, RIPTA and Next Wave Partners will complete site studies and assessments, engage with the public, seek permitting and any third-party approvals, and develop 30% and 60% conceptual designs. Following input and development of designs, Next Wave will develop cost estimates for the project, as well as financial structuring and advising. Upon successful completion of the first phase of the project, the parties would negotiate a contract for a second phase of the contract for financing and constructing the project.

 

As part of Phase I, on February 26, 2024, the 195 Commission will discuss and consider an agreement with RIPTA for Parcel 35 that would provide RIPTA with time to consider the parcel as a possible location for the new transit center. The agreement states that over the next 8 months (until October 1, 2024) the 195 Commission would refrain from issuing an RFP or pursue another public marketing effort related to the development of Parcel 35 and would not enter into negotiations with any third party related to the purchase of the parcel. If approved, this measure will allow RIPTA, Next Wave and stakeholders to include Parcel 35 in its evolving list of potential Transit Center sites to be assessed, during Phase 1 of the Preliminary Services Agreement. The site assessment portion of Phase 1 will include a comprehensive public hearing process.

 

Next Wave Partners is a consortium comprised of a number of Rhode Island-based companies including Gilbane Development Company, Marsella Development and Gilbane Building Company, as well as Plenary Americas, CUBE 3, and Jacobs. Successful community-based projects from these subsidiaries include 100 Westminster Street, Union Station, the Providence Performing Arts Center, and the Nightingale Apartments in downtown Providence.

 

For more information on the P3 project, visit //RIPTA.com/TransitCenter.

For more information on RIPTA services, please call 401-781-9400 or visit RIPTA.com

 

 

 

Opening statements are expected Monday in former President Trump's criminal trial in New York. The six alternate jurors have been seated and the 12 jurors are already in place. The former President is accused of falsifying business records in order to cover up payments allegedly made to an adult film star just prior to the 2016 election.       New York police say the man who set himself on fire outside the Donal Trump trial drove from Florida to New York City earlier this week. The man had some papers with him that detailed conspiracy theories involving local politics. He was taken to the hospital in critical condition.       President Biden is taking jabs at Donald Trump while rallying union workers in Washington, D.C. Biden delivered remarks at an International Brotherhood of Electrical Workers conference on Friday, where he said some people, including Trump, "learned the best way to get rich is inherit it." He also said those people " learn that paying taxes is for working people, not the super wealthy."        The House is expected to vote for final passage of House Speaker Mike Johnson's foreign aid package over the weekend. The House approved a rule vote today to begin debate on individual bills to provide military aid for Israel, Ukraine, and Taiwan. In an unusual move, Democrats voted with Republicans to advance the legislation as many conservatives voted no.        The FAA and United Airlines are investigating a video that appears to show a Colorado Rockies staff member in the cockpit during a flight. The incident happened during the team's April 10th chartered flight from Denver to Toronto. In the video posted on social media that has since been deleted, an unauthorized person appears to sit in the pilot's seat. United Airlines says at least two pilots have been removed from the job.       Horror film "Abigail" is looking to take the top spot at this weekend's box office. It's expected to make between 12-million and 15-million-dollars in its first weekend. "Abigail" is expected to just beat out last week's winner "Civil War" for first place.