Providence City Council gives first approval to ‘Superman’ tax treaty

THE PROVIDENCE CITY COUNCIL gave first passage Thursday to a 30-year tax treaty for the "Superman" building redevelopment. /PBN FILE PHOTO/CHRIS BERGENHEIM
PROVIDENCE – City lawmakers on Thursday gave their initial blessing to a 30-year tax discount to redevelop the iconic “Superman” building. The City Council's 11-1 vote, with three abstentions, is the first of two votes needed for the tax-stabilization agreement with building owner High Rock Development LLC. The proposed tax deal saves the developer $29.4…

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