The state’s new approach to incentives has developers pining for a renewal of historic tax credits

NEW VISION: The former Pontiac Mills site in Warwick will be transformed into housing and commercial space, if developer Larry Silverstein, president of Baltimore-based Union Box Co., sees his plans realized. / PBN PHOTO/MICHAEL SALERNO
NEW VISION: The former Pontiac Mills site in Warwick will be transformed into housing and commercial space, if developer Larry Silverstein, president of Baltimore-based Union Box Co., sees his plans realized. / PBN PHOTO/MICHAEL SALERNO
Time matters in historic renovation, and nowhere is that clearer than at the sprawling Pontiac Mills in Warwick. The 19th-century textile mill was in a state of collapse before Union Mill LLC purchased the property in 2015, with the intention to convert it in phases to modern apartments and commercial ­offices. By the time interior…

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