Blue Cross & Blue Shield of Rhode Island Headquarters
Encyclopedia
The Blue Cross & Blue Shield of Rhode Island Headquarters is a LEED Certified high-rise in downtown Providence, Rhode Island
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towers, at the intersection of American Express Plaza and Exchange Street. At a height of 237 ft (72.2 m), it is currently the seventh-tallest building in the city and state.
condominiums, and is estimated to be finished by early 2010. The economic feasibility of this move is made possible through $25 million worth of tax breaks negotiated with Intercontinental.
was optimistic at the prospect of retaining the 1100 employees in the city adding to the "economy and add to the life and vitality of our city", while the state's governor, Donald Carcieri
, worried about the impact a move to occupy such expensive real estate would have on the premiums for the insurer's customers, since the first priority of the Blue Cross & Blue Shield should be the affordable coverage of citizens.
Providence, Rhode Island
Providence is the capital and most populous city of Rhode Island and was one of the first cities established in the United States. Located in Providence County, it is the third largest city in the New England region...
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Location
The building is wedged in between the two WaterplaceWaterplace
Waterplace is the name of a high-rise residential condominium project in Providence, Rhode Island. The project completed construction in mid-2008, and was developed by Intercontinental Real Estate Corporation....
towers, at the intersection of American Express Plaza and Exchange Street. At a height of 237 ft (72.2 m), it is currently the seventh-tallest building in the city and state.
Purpose
The public health insurer announced April 19, 2007, its intention to consolidate its operations comprising 1100 employees, which had been scattered throughout the city, into one 325000 sq ft (30,193.5 m²) 12-story building. The $114 million tower will be built on top of a parking garage currently under construction for Intercontinental's neighboring WaterplaceWaterplace
Waterplace is the name of a high-rise residential condominium project in Providence, Rhode Island. The project completed construction in mid-2008, and was developed by Intercontinental Real Estate Corporation....
condominiums, and is estimated to be finished by early 2010. The economic feasibility of this move is made possible through $25 million worth of tax breaks negotiated with Intercontinental.
Opinion
Mayor David CicillineDavid Cicilline
David Nicola Cicilline is the U.S. Representative for . He is a member of the Democratic Party. He is formerly the Mayor of Providence, Rhode Island, and was the first openly gay mayor of a U.S. state capital.-Early life, education, and career:...
was optimistic at the prospect of retaining the 1100 employees in the city adding to the "economy and add to the life and vitality of our city", while the state's governor, Donald Carcieri
Donald Carcieri
Donald L. "Don" Carcieri was the 73rd Governor of the U.S. state of Rhode Island. Carcieri has had a varied vocational background, having worked as a manufacturing company executive, aid relief worker, bank executive and teacher.-Personal background:...
, worried about the impact a move to occupy such expensive real estate would have on the premiums for the insurer's customers, since the first priority of the Blue Cross & Blue Shield should be the affordable coverage of citizens.