City panel gives preliminary approval to contested ‘Superman’ building tax treaty

Updated at 8:22 p.m.

A PROPOSED 30-YEAR TAX DISCOUNT on the "Superman" building in downtown Providence received preliminary approval by the Providence Committee on Finance on Monday. /PBN FILE PHOTO/PAMELA BHATIA
PROVIDENCE – Plans to revive the dormant “Superman” building are inching closer to reality, with a city panel giving preliminary approval to a 30-year tax deal integral to its redevelopment. With the Providence Committee on Finance’s 5-0 vote Monday, the proposed tax- stabilization agreement now heads to the full City Council for review and approval.…

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