Tax Increment Financing - Providence Business News

Are you satisfied with how R.I. Commerce Corp. and Pawtucket leaders...

Economy 11/04/2022

A 50% spike in the projected Tidewater Landing stadium cost, to $124 million, led the R.I. Commerce Corp. to direct most of a previously...

THE R.I. COMMERCE CORP. board is set to vote Monday on a new funding plan for the soccer stadium in Pawtucket. / COURTESY FORTUITOUS PARTNERS

R.I. Commerce to reconsider reworked soccer stadium deal following talks

Economy 07/21/2022

PROVIDENCE – After initially balking at a reworked public financing deal for the Pawtucket soccer stadium project, R.I. Commerce Corp. appears ready to reconsider...

Commerce committee recommends $46M in public financing, tax credits for Pawtucket...

Economic Activity 02/04/2021

PAWTUCKET – The R.I. Commerce Corp. Investment Committee has thrown its support behind public financing for the mixed-use Tidewater Landing project proposed for downtown...

COUNCIL BYPASS: A Providence City Council finance panel’s recent vote to effectively block a $39 million project from getting to the full council suggests it is time such projects be allowed to follow an administrative, rather than political, approval process.

City must stop throwing roadblocks in front of worthy developers

Editorial and Op-Ed 12/06/2019

Despite all the talk about making Providence more hospitable for developers, some city officials continue to throw roadblocks in front of worthy projects. The latest...

$400M project proposed for Pawtucket waterfront

Economic Activity 12/06/2019

PAWTUCKET – A $400 million development project that includes a 7,500-seat soccer stadium, 200-room hotel and a pedestrian bridge over the Seekonk River is...

SPURRING REDEVELOPMENT: Pictured above is the former Apex department store in Pawtucket. The city could benefit from a new law that aligns tax-increment financing authority in the city to newly created federal opportunity zones, which would allow the city to finance public infrastructure improvements to facilitate redevelopment.  / PBN FILE PHOTO/ARTISTIC IMAGES

TIF expanded to Pawtucket opportunity zones

Financial Services 07/19/2019

A new law that aligns tax-increment financing authority in Pawtucket to newly created federal opportunity zones is seen by lawmakers as having the potential...

THE R.I. COMMERCE CORP. has approved $6 million in tax increment financing for Westminster Partners LLC to construct the Hotel Hive in two vacant buildings on Westminster Street./ COURTESY ABDO DEVELOPMENT

Commerce RI approves $6M TIF for Hotel Hive construction, among other...

Government 02/26/2019

PROVIDENCE – The R.I. Commerce Corp. voted to approve a $6 million tax increment financing agreement for Westminster Partners LLC’s construction of the Hotel...