WEST WARWICK – A developer who plans to renovate the long-closed Lippitt Mill and convert it to 65 apartment units is coming back before a committee of the R.I. Commerce Corp. Wednesday with a request for a revision to its state incentive award.
The project, put forward by Pawtucket Development Group LLC, is now expected to cost $18.9 million, a $3.7 million increase compared to last year.
Commerce RI’s Investment Committee is expected to meet Wednesday afternoon. It was not immediately clear from the committee agenda what kind of amendment the developer is seeking.
The Commerce RI board in 2018 authorized up to $2.1 million in Rebuild Rhode Island tax credits.
The Lippitt Mill, built in 1809, is among the oldest textile mills in Rhode Island. Located at 825 Main St. in West Warwick, it was closed in 2010.
Mary MacDonald is a staff writer for the PBN. Contact her at firstname.lastname@example.org.