City panel recommends tax discount for former Karma nightclub

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THE DEVELOPER planning to revive the former Karma nightclub in the Jewelry District with microloft apartments and first-floor retail received preliminary approval for a 10-year discount on city property taxes. /COURTESY PROVIDENCE ARCHITECTURE
PROVIDENCE – A dilapidated downtown building best known as the site of a double shooting in 2014 is slated for revival, with a tax break aimed at sweetening the redevelopment deal. The city Committee on Finance on Monday gave preliminary approval to a 10-year tax- stabilization agreement for the former Karma nightclub at 101 Richmond…

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