Bobb Angel
Bobb Angel
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The Morning Report w/ Bobb and Jane

1540 WADK.com Updates

Tax Deal Reached On Former Highway Land

Details are emerging on the tax stabilization plan for the former Interstate-195 land in Providence.  The deal reached between the city, legislative leaders and the governor's office creates a two tiered system of tax credits.  Projects costing over ten-million-dollars automatically receive 15-year tax programs that reduce the amount of commercial taxes.  Projects over 50-million-dollars would receive 20-year tax package, which is designed to attract a large scale development quickly.

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