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1540 Updates

Tax Breaks Key To I-195 Deal

 A developer seeking to build student housing on former Interstate-195 land in Providence has a clause that would allow them to back out on the deal.  Texas-based Friendship and Clifford can withdraw from the project if they are unable to reach a deal with the city on tax breaks.  The developer is seeking a 12-year tax abatement agreement, which is the standard term for this type of project.  The sides have until March 1st to finalize the deal.



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