Home Economy Government Lawmakers bend rules for Hope Point

Lawmakers bend rules for Hope Point

The Fane Organization’s Hope Point tower could receive up to $25 million in Rebuild Rhode Island tax credits, under an addition made to the House budget last week. / COURTESY THE FANE ORGANIZATION

Even as the House reduced Gov. Gina M. Raimondo’s request for incentives to replenish her economic programs, most notably the real estate development program Rebuild Rhode Island, it expanded the ability of The Fane Organization to access Rebuild funds for a proposed luxury skyscraper. The budget expected to be approved by the General Assembly will

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