- Associated Press - Thursday, January 19, 2017

PROVIDENCE, R.I. (AP) - A Rhode Island commission has approved the next step in a New York developer’s plan for a high-rise.

The Providence Journal reports (https://bit.ly/2jBQt3Y ) the I-195 Redevelopment District Commission voted in favor of permitting Jason Fane to submit a proposal for one luxury high-rise on the Providence River on Wednesday. Fane originally approached the commission about three high-rise apartment towers in November but later changed his plan.

In an interview after the meeting, Fane seemed unclear about the commission’s provision for building only one tower.

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The commission outlined three requirements for the project. Fane must confine the development of the tower to the designated space, share a project budget, and receive approval for the height of the tower.

Fane said one tower will need at least $15 million in state subsidies.


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

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