Hotel proposal in Newport seeks tax increment financing

The illustration for Hammett's Wharf Hotel is part of the application before the R.I. Coastal Resources Management Council.
THE ILLUSTRATION for Hammett's Wharf Hotel is part of the application before the R.I. Coastal Resources Management Council. / R.I. COASTAL RESOURCES MANAGEMENT COUNCIL
NEWPORT – A committee of the R.I. Commerce Corp. on Friday will consider a plan to create a tax increment financing program around a portion of the Newport waterfront to help finance construction of an 84-room hotel. The $28.3 million project would place what is being described as a boutique hotel on the former site…

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