Share your opinion about Fane TowerSubmitted by quinntronix t3_10aumg4 in RhodeIsland
degggendorf t1_j47x1e1 wrote
Reply to comment by quinntronix in Share your opinion about Fane Tower by quinntronix
>probably getting away tax free for decades
Why get upset about a guess when you could take a second to learn the actual answer?
> The high-rise luxury apartment building planned for Dyer Street in Providence would get more than $54 million in property tax breaks over 20 years, according to newly released projections by the tax assessor.
>The Hope Point Tower, often referred to as the Fane tower, would still pay about $69 million in property taxes over the course of their tax stabilization agreement (TSA), compared to $123 million if there was no TSA.
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