Change at mall raises tax questions

ONE OF THE NEW owners of the Providence Place mall says his ownership group won't seek a tax deal with the city of Providence, for now. But Joseph R. Paolino Jr. indicates that property tax valuation for the mall should be lowered, based on the recent sale price. / PBN FILE PHOTO/WILLIAM HAMILTON

The new owners of Providence Place mall could face an annual property tax bill of more than $20 million a year when its 30-year treaty with the city of Providence expires in 2028 – a dramatic increase from the roughly $1 million the mall currently contributes. But unlike the previous mall owners, the new players

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