Plans for New Mixed-Use Development Feature Local Entertainment and Green Economy Deepwater Port
The City of East Providence and the East Providence Waterfront Commission are working with Live Nation Entertainment, the world’s leading live entertainment company, on initial stages of securing a new location for a new amphitheater to house the city’s waterfront concert series and more local entertainment. Not far from its current location, the prospective site is a new mixed-use development with plans to also serve as a deepwater port for Rhode Island’s growing offshore wind industry.
RI Waterfront Enterprises LLC, the new parcel owner, has planned a unique mixed-use model to meet two objectives: helping connect the people of East Providence to the waterfront, and serving the port needs of the offshore wind industry. The entertainment venue is planned to include an outdoor amphitheater, ample parking, and new amenities for warm weather events from May to September. The venue will be booked by Live Nation New England.
Live music, among other benefits, helps to attract tourists to cities and contributes to a thriving cultural environment. In East Providence, a strong emphasis has been placed on the positive economic impact of the waterfront concerts at Bold Point Park. The City is enjoying renewed interest in key areas of economic development including job growth, consumer spending and real estate development.
The City of East Providence and the East Providence Waterfront Commission partnered with RI Waterfront Enterprises to bring this 45-acre mixed-use development project to fruition. Mayor Bob DaSilva said, “It was important for the City to champion this project because it adds to our City’s commercial tax base, as well as solidifies the State of Rhode Island’s commitment to green energy and its position at the forefront of offshore wind energy.”
The East Providence Waterfront Commission, charged with facilitating the transformation of the East Providence waterfront, will be instrumental in streamlining the approval process. The parcel, known as the South Quay, was previously owned by Providence and Worcester Railroad, sat unoccupied and mostly unused for the past 40 years. William Fazioli, chairman of the Commission, noted, “We are encouraged by the expansion of the successful Bold Point concert series within our Waterfront District. This proposal advances our goals for a vibrant mixed-use development that will grow jobs and increase public access to our City’s waterfront.”
The Bold Point Park concerts will continue as planned for 2019. The new yet-to-be-named venue is slated to open in 2020. RI Waterfront Enterprises General Manager Melissa Martin is working with local corporations on naming rights for the new outdoor amphitheater.
About Live Nation Entertainment:
Live Nation Entertainment (NYSE:LYV) is the world’s leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts and Live Nation Sponsorship. For additional information, visit www.livenationentertainment.com.
About RI Waterfront Enterprises LLC:
RI Waterfront Enterprises LLC is the new owner of the Providence and Worcester Railroad land along the East Providence waterfront. The development will include the new home for a boutique outdoor amphitheater and a deepwater port for offshore wind energy.