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PBN’s most-read stories of 2022

From developments with the potential to reshape the landscape of Providence and a steady stream of million-dollar home sales across Rhode Island, to ongoing...
TAKING CONTROL: Providence Mayor-elect Brett Smiley says striking new payment-in-lieu-of-taxes agreements with many of the city’s nonprofit institutions is one of the most important tasks his administration will undertake next year. 
PBN PHOTO/MICHAEL SALERNO

DECISIONS, DECISIONS… Simmering financial issues await Mayor-elect Smiley

Brett Smiley is no stranger to Providence City Hall. In 2015 and 2016, he was chief operating officer for Mayor Jorge O. Elorza. On...
THE "SUPERMAN" BUILDING, at left, is one of two high-profile downtown Providence projects that are inking a tax stabilization agreement with city officials. / PBN FILE PHOTO/PAMELA BHATIA

2 high-profile projects sidestep new rules for tax deals in Providence

After strengthening wage protections and increasing minority-business participation requirements for developers looking to get tax deals with the city, the Providence City Council appears...

City Council approves $29M tax treaty for ‘Superman’ redevelopment project

PROVIDENCE – The pieces of a complex funding puzzle for the “Superman” building redevelopment are falling into place, with the City Council giving the...

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

PROVIDENCE – Plans to revive the dormant “Superman” building are inching closer to reality, with a city panel giving preliminary approval to a 30-year...

‘Superman’ building deal would cut $29M from tax bill

PROVIDENCE – Developers planning to redevelop the city’s tallest skyscraper could save $29 million in property taxes over the next 30 years. The proposed tax...

Providence committee gives preliminary approval to $10M racial reparations budget

PROVIDENCE – A panel of city lawmakers gave preliminary approval on Thursday to a $10 million spending plan aimed at closing the racial wealth...

Providence City Council to take up tax deal for ‘Superman’ redevelopment

PROVIDENCE – Plans to offer a 30-year-long property tax discount on the “Superman” building are taking shape, with an ordinance introduced at the Providence...

Economic development front and center at Providence mayoral forum

PROVIDENCE – From public safety fears to the housing crisis and the “brain drain” of college graduates leaving the capital city, nearly all the...
THE PROVIDENCE REDEVELOPMENT AGENCY voted unanimously on May 16 to authorize the agency to provide "Superman" building owner High Rock Development LLC with a $10 million loan as part of the proposed $223.1 million renovation of the building at 111 Westminster St. into 285 apartments. / PBN FILE PHOTO/
PAMELA BHATIA

Providence Redevelopment Agency approves $10M loan for ‘Superman’ building

PROVIDENCE – Another $10 million in financing was secured as part of the proposed redevelopment of the former Industrial Trust Co. headquarters, the 26-story...
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