Providence Finance Committee considers tax deal for Federal Hill development

THE PROVIDENCE Finance Committee is considering a proposal for a 12-year tax stabilization agreement on a mixed-use project at the corner of Knight and Westminster streets in the Federal Hill neighborhood. / COURTESY PROVIDENCE PLANNING DEPARTMENT
PROVIDENCE – A proposal to give a prominent Providence developer a tax break on plans to renovate a long-vacant series of parking lots in Federal Hill is making its way through the City Council’s review. The City Finance Committee held a public hearing on June 15 on the proposed 12-year tax stabilization agreement for 321…

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