Commerce RI approves TIF for Newport hotel, 2 Innovation Vouchers and an Industry Cluster grant

PROVIDENCE – The R.I. Commerce Corp. board of directors and Gov. Gina M. Raimondo voted July 23 to approve an estimated $3.5 million in tax increment financing for a new 80,000-square-foot mixed-use development in downtown Newport, including an 84-room hotel, waterfront restaurant, storefront retail and office space. The TIF was designated for Hammetts Wharf LLC.…

Subscriber Only

Subscribe with Providence Business News to keep reading.

Get unlimited access now for $1 for 4 weeks

Subscribe now for $1
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -

No posts to display