Wednesday, April 14, 2021

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Tag: Tax Increment Financing

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

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

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

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

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...

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...

Commerce RI approves TIF for Newport hotel, 2 Innovation Vouchers and...

PROVIDENCE – The R.I. Commerce Corp. board of directors and Gov. Gina M. Raimondo voted July 23 to approve an estimated $3.5 million in...
THE R.I. COMMERCE Corp. approved tax increment financing for Hammetts Wharf LLC to develop an 80,000-square-foot mixed-use development that includes a hotel and a waterfront restaurant. Above, a rendering of the building, which is the first building on the right. / COURTESY PEREGRINE GROUP

Commerce RI approves TIF for Newport hotel, 2 Innovation Vouchers and...

PROVIDENCE – The R.I. Commerce Corp. board of directors and Gov. Gina M. Raimondo voted Monday evening to approve an estimated $3.5 million in...

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