Bruce Newbury
Bruce Newbury
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1540 WADK.com Updates

Developer Lands Extension For I-195 Project

A developer seeking to create private student housing on former Interstate-195 land now has until July 1st to reach a tax stabilization deal with Providence.  Texas based Friendship and Clifford LLC has an agreement to purchase more than an acre of the reclaimed highway land for well over two-million dollars.  However, the developer needs to reach a tax stabilization agreement because the city's commercial tax rate is very high.
 

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