Providence has been named one of the most dangerous markets for real estate investors. HomeVestors of America along with Local Market Monitor has ranked 38 markets as "dangerous" for those looking to buy homes as rental properties. Providence ranks number-26 and is the largest city on the list.
HomeVestors President Ingo Winzer says cities with a “dangerous” rating have a combination of high unemployment or weak job growth as well as falling, or weak, home prices.
The Rhode Island School of Design has received a private donation of $1M to fund international relationships. RIPR’s John Bender has more.
A $1M donation coming from Bangalore, India to RISD is the largest international gift the school has ever received. The money will be used to fund a visiting faculty position, specifically, artists and scholars connected to India.
RISD has had study abroad programs to India, and Provost Rosanne Somerson is excited to now bring scholars from India to RISD
It’s the end of an era for a popular Boston weekly newspaper. The Boston Phoenix will publish its last edition March 15th. The last online edition will come a week later. The company’s newspapers in Providence and Portland, Maine will continue publishing.