RI panel seeking Providence redevelopment plans

A Rhode Island commission has approved plans to begin accepting proposals to redevelop land near downtown Providence that was freed up by the relocation of Route 195.

The Route 195 Redevelopment District Commission on Monday evening gave the necessary approvals to begin seeking proposals from developers, businesses or institutions.

From residential apartments, to commercial space, shops, to art studios, offices and even recreational space, the sky is the limit in terms of what will be approved for the many parcels now available commission members told NBC 10.

"It's an extraordinary opportunity for the investment community, for the development community, and for Rhode Island. This is a once in a generation opportunity to take 19 acres of downtown property, on our waterfront, fully permitted and build up to three million square feet of building," said Colin Kane, chair of the I-195 Redevelopment Commission.

Anyone interested in getting involved can go online and view a nearly 140-page "developer's toolkit" and submit a request for information.

A first round of development proposals must be submitted by May 1.

The commission is holding two public information sessions on Feb. 25 and March 25 for developers to tour the property and ask questions.

The Associated Press contributed to this report.