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1540 WADK.com Updates

Council Passes Tax Stabilization Plan


The Providence City Council is giving its approval to the tax stabilization agreement for the I-195 Redevelopment District.  The measure establishes the level of tax credits for projects on the land formerly occupied by the highway.  The agreement reached with legislative leaders and Governor Gina Raimondo also covers the Capital Center Redevelopment District.  Raimondo says the agreement shows what can happen when businesses and labor groups work together towards a common goal.

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