- Associated Press - Monday, December 12, 2016

PROVIDENCE, R.I. (AP) - A proposed technology innovation building in Providence is seeking about $32 million in state incentives.

The Providence Journal reports (https://bit.ly/2hruadR ) developers of the Wexford Science & Technology complex are proposing a 191,000-square-foot facility that would break ground in 2017.

They’re seeking a roughly $19.5 million subsidy from the I-195 Redevelopment District Commission to help with construction costs. They’re also expected to seek $12.5 million in tax credits from the state Commerce Corporation.

The newspaper reports the developers have two secured major tenants for proposed innovation facility: the Cambridge Innovation Center and Brown University’s School of Professional Studies.

The facility is part of a $150 million project that would also include an Aloft hotel. The development is proposed on acres of land freed up by the relocation of I-195 south of downtown.

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Information from: The Providence Journal, https://www.providencejournal.com


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