Pawtucket Train Station (Providence, Rhode Island)
Do local investors have thoughts on the pending Pawtucket train station scheduled for 2022? Given that funding has been secured and ground has been broken, it seems like this is all set to take place (even if it does inevitably get delayed).
Infrastructure, and especially transportation, usually have strong positive correlations with real estate and with Boston continuing to see strong jobs growth from software tech, biotech, finance, medicine, and education, it would make sense that Pawtucket would draft off this.
But there's a close comparison of Wickford Junction station opening up in 2015 with both ridership and local business development being far worse than projected.
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@Fan Bi
I agree with Anthony that there is long-term benefits. This is kind of different than the Wickford station. There's already a good size population near Pawtucket that is already traveling to Boston. We have tenants in Pawtucket that work in Boston.