City Finance Committee approves $1.2M tax deal for Federal Hill development

THE PROVIDENCE Finance Committee on Tuesday approved a $1.2 million property tax break for a mixed-use project at the corner of Knight and Westminster streets in the Federal Hill neighborhood. / COURTESY PROVIDENCE PLANNING DEPARTMENT
PROVIDENCE  – The city Finance Committee on Tuesday signed off on a  $1.2 million tax break for a Providence development project on a series of empty lots in Federal Hill. The decision to offer a reduced property tax rate to 321 Knight Street LLC for first 12 years of the project will be submitted as…

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