Providence lauds Tax Stabilization Agreement for I-195 and Capit - The CW Providence - WLWC

Providence lauds Tax Stabilization Agreement for I-195 and Capital Center Districts

Mayor Elorza and Council President Aponte Laud Passage of Tax Stabilization Agreement for I-195 and Capital Center Districts

City-level TSA opens path for major life science proposal on 195 land
 
PROVIDENCE, RI
– Mayor Jorge O. Elorza and Council President Luis A. Aponte Thursday issued the following joint statement regarding the Council’s passage of a Tax Stabilization Agreement for companies that locate in the I-195 Redevelopment District and the Capital Center Special Development District:

“The Elorza administration and the City Council have worked closely to establish a tax stabilization agreement that encourages development in Providence while protecting the interests of Providence and Rhode Island taxpayers. 

The City’s new TSA opens a clear path for development in the I-195 and Capital Center Districts, including Wexford Science & Technology LLC and CV Properties LLC’s proposal to build an anchor life-science and multi-use complex on the 195 land. 

We commend CV Properties for its firm commitment to a development project that creates long-term, living wage jobs in Providence. We are confident the Wexford project will serve as a model for how the City, State and the 195 Commission can work collaboratively to grow our economy and create middle class jobs across multiple sectors.”

(release from City of Providence) 

Powered by Frankly

WLWC-TV

275 Westminster Street

Providence, RI 02903

Powered by 

WorldNowAll content © Copyright 2000 - 2017 WLWC. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.