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Rhode Island Question 4, Quonset Point/Davisville Bonds (2002)

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Rhode Island Question 4, also known as Quonset Point/Davisville Bond Act ($11,000,000), was on the November 5, 2002 election ballot in Rhode Island. It was defeated, with 45.5% of voters in favor.

Text of measure

The language that appeared on the ballot:

PURPOSE: What will the Quonset Point/Davisville Bonds do?

Approval and issuance of these bonds will provide funds to the Rhode Island Economic Development Corporation for road and utility infrastructure, building demolition, site preparation and pier rehabilitation at the Quonset Point/Davisville Industrial Park.

HOW MUCH MONEY WILL BE BORROWED? $11,000,000

EXPLANATION: How will the money be spent?

The funds are planned to be spent on the following: (a) Clearing, Demolition and Internal Rail Upgrades - Deteriorated buildings will be demolished to make land available for development at the Quonset Point/Davisville Industrial Park. These parcels will be used for manufacturing, warehousing, distribution, office developments, and to improve the aesthetics of the area. In addition, the existing railroad tracks from West Davisville to Toray Plastics and from Roger Williams Way to Pier 2 will be reconstructed and upgraded. The Rhode Island Economic Development Corporation expects to allocate $7,000,000 to this project.

(b) Repair of South Bulkhead at Davisville Pier - The rehabilitation of the bulkhead at Davisville Pier will be undertaken to improve safety for marine activities and prevent the diminishing water depth in berthing areas thereby making acreage available for marinerelated business. A bulkhead is a retaining wall along the waterfront. The Rhode Island Economic Development Corporation expects to allocate $4,000,000 to this project.

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