TIF expanded to Pawtucket opportunity zones

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
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
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 to rejuvenate neglected areas, including downtown and the area around the former Memorial Hospital. The measure, signed into law on July 8 by Gov. Gina M. Raimondo, is a refreshed version…

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