Developer declares Fane Tower project dead

Updated at 5:02 p.m.

THE FANE ORGANIZATION announced Friday it will be no longer proceeding with the development of the controversial Fane Tower. / COURTESY OF FANE ORGANIZATION
PROVIDENCE - The Fane Tower saga has officially ended. The New York-based Fane Organization announced Friday it will no longer proceed with the development of the controversial project that was proposed for Parcel 42 of I-195 land. “I came to Providence with a vision for a great and iconic project that would provide much-needed housing,…

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  1. Crisafulli says he will make this parcel available to another another developer who will only succeed by putting up a building that will be restricted in height and therefore have less less apartments and will be as low cost as possible given the cost of capital. This will add another bland low rise building in a city of only 18 square miles, wasting its advantages of density by encouraging sprawl and doing nothing for the housing crisis or bolstering the tax base. This is another victory for the NIMBY crowd.

  2. Tell me again why business industry commerce and jobs leave or bypass RI. Neighboring cities’ press we quick and happy to carry this sad story. What a black eye and missed opportunity.