Tax deal for proposed 71-unit apartment complex in Providence advances

CITY OFFICIALS ARE CONSIDERING GIVING a 10-year tax stabilization deal to 180 GMC LLC to redevelop the former Tockwotton Home into an apartment complex. / RENDERING COURTESY BANK RHODE ISLAND

PROVIDENCE – The City Council on Thursday unanimously forwarded the proposed 10-year tax stabilization deal for the developer building a 71-unit apartment complex in the city’s Fox Point neighborhood.  The proposed tax stabilization agreements for 180 GMC LLC, sponsored by Senior Deputy Majority Leader John Goncalves, were sent to the council’s finance committee. The 50,000-square-foot

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