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NEW LAW: Rhode Island Center for Freedom and Prosperity CEO Mike Stenhouse believes a new law – requiring a 100% reimbursement rate for property taken by eminent domain within three opportunity zones in Pawtucket – is directed at the redevelopment of the former Apex department store.
 / PBN FILE PHOTO/ARTISTIC IMAGES

Pawtucket wants ‘square deal’ under eminent domain

The legislator behind a new law that matches tax-increment financing authority with federal opportunity zones in Pawtucket says the change it makes to existing...
NEW FACE: Senate President Dominick J. Ruggerio, center, speaks with Sen. Dennis L. Algiere, R-Charlestown, and Sen.-elect Jessica de la Cruz, a Republican who will represent North Smithfield, Burrillville and Glocester, during an orientation for new members in the Senate chambers at the Statehouse.
 / PBN PHOTO/MICHAEL SALERNO

Lawmakers have returned to tackle a host of familiar issues

The General Assembly reopened Jan. 1 with a new configuration of legislators facing many of the same issues that have been circulating in the...
SEEKING INVESTMENT: Inclusion in the nationwide Opportunity Zone program could mean an influx of new investment and development for regions of the state deemed low-income census tracts. Each of the 25 Rhode Island tracts, the maximum nominations allowed by each state, has a greater-than-27 percent poverty rate. Investors in the program – who could fund everything from startups and business expansions to real estate deals – will be eligible for tax benefits. / SOURCE: R.I. COMMERCE CORP.

New Opportunity Zone program could help banks meet CRA requirements

Included in the 2017 $1.5 trillion federal tax overhaul heralded by President Donald Trump and passed by Congressional Republicans was the Opportunity Zone program.Encouraging...
RIDOT received a $20 million federal grant for a project to realign and consolidate the Newport-side ramp system for the Pell Bridge. / COURTESY R.I. DEPARTMENT OF TRANSPORTATION

RIDOT gets $20M federal grant for Pell Bridge ramp realignment

NEWPORT – The R.I. Department of Transportation has received a $20 million federal grant to support a project to realign the Newport Pell Bridge...
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