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THE R.I. COMMERCE CORP. Board of Directors voted 7-0 on Wednesday, May 11, 2022, to give High Rock Development LLC $15 million in tax credits through the Rebuild Rhode Island Tax Credit Program and $5.7 million from the First Wave Closing Fund as part of the $223.1 million financing package for the redevelopment of the Industrial Trust Co. building at 111 Westminster St. / PBN PHOTO/
PAMELA BHATIA

R.I. Commerce board approves $21M in ‘Superman’ building financing

PROVIDENCE – The R.I. Commerce Corp. board of directors voted 7-0 on Wednesday to approve nearly $21 million in state incentives as part of...
MAYOR JORGE O. Elorza on Tuesday unveiled a $567 million fiscal 2023 budget proposal with major cuts to city tax rates to offset higher property values. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

Elorza proposes tax cuts to offset higher property values as part...

PROVIDENCE – As property values soar under a recent city revaluation, Mayor Jorge O. Elorza wants to slash tax rates for the fiscal year...

City committee approves amended $124M ARPA plan

PROVIDENCE – More money will go to community recreation centers, with less available for small-business programs under the amended version of the city American...

Elorza launches voter education campaign ahead of pension bond ballot referendum

PROVIDENCE – City finances are not the most interesting - or understandable - topic. But lawmakers are trying to get voters excited about the not-so-sexy...

PVDFest set to return June 10-12

PROVIDENCE – PVDFest, the annual citywide arts celebration, will officially return to the city’s downtown in June. Mayor Jorge O. Elorza announced Wednesday the free...

RIPTA: New downtown bus hub will take ‘no less’ than 3...

PROVIDENCE – Three years is the minimum time the Rhode Island Public Transit Authority says it will take for plans to build a new,...

Elorza drops vaccine requirement for city workers, offers testing alternative

PROVIDENCE – Mayor Jorge O. Elorza is dropping his previous ultimatum that city workers must get vaccinated against COVID-19 or else lose their jobs. Elorza...

Providence City Council approves June special election for pension bond proposal

PROVIDENCE - Providence voters will get to weigh in on whether the city should borrow $515 million to shore up its pension fund in...

Providence lawmakers propose May special election for pension bond proposal

PROVIDENCE - Letting voters weigh in on whether the city should borrow money to shore up its pension system was one of the key...

Elorza creates 13-member Municipal Reparations Commission

PROVIDENCE – Exactly what constitutes racial reparations - and who should receive them -has been the looming question since Mayor Jorge O. Elorza announced...

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