Monday, May 17, 2021

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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...

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