page_title: Kennedy Plaza
section_title: Rehabilitation and historic tax credit projects
hierarchical_section_title: Kennedy Plaza / Neighboring buildings and spaces (clockwise) / Rehabilitation and historic tax credit projects
caption_attribution_description: English: This is a panorama taken from the 18th floor of the Biltmore Hotel in Providence, Rhode Island.
context_page_description: Kennedy Plaza is a rectangular central plaza and the geographic center of the downtown Providence, Rhode Island. It occupies a focal civic space, between the City Hall and the Federal Building. Following a traditional colonial pattern, the Plaza has served as a transportation hub since 1847. In 2017, mayor Jorge Elorza announced plans to transform it from a transportation hub to a public space that would serve as a "true civic heart" of Providence.
  Today, Kennedy Plaza is bounded by Exchange Street on the northeast, Fulton Street on the southeast, Dorrance Street on the southwest, and Washington Street on the northwest.
  Surrounding the Plaza are Burnside Park, the major ice skating center. Its mobile diner has been driven into the Plaza and parked next to City Hall nightly since 1893. On the east edge of the plaza sit the three buildings - One Financial Plaza; 50 Kennedy Plaza; Industrial National Bank Building - that comprise the center pieces of the city's skyline.
context_section_description: In 1975 the Providence Biltmore closed and remained out of use until a group of local businesses implemented Federal tax credits to rehabilitate the building, reopening it in 1979.
  High Rock Development proposed a plan to convert the shell at 111 Westminster Street into mostly luxury apartments, involving $80 million in tax credits from the State. This plan was rejected. The State has applied to move some of their Health and Human Services offices into the now vacant property. High Rock Development has since offered a four-year plan that would invest $40 million of new funding for the rehabilitation of the tower into a dense urban mix of uses that include retail, business and 285 residential units. The former and new financing proposals were met with mixed reaction.
caption: Panoramic view from 18th floor of the Biltmore Hotel
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