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Chief Operating Officer
Director of Leasing
Vice President of Real Estate
Member of the Faculty
International Council of Shopping Centers
Bachelor of Arts
Economic Development | RI Republican
In order to strengthen High Rock Development's pitch, Sweetser has also included protections for the taxpayers, including the ability for the state to recoup some of the money in the future, an endowment to maintain Kennedy Plaza, and a bond to ensure that the project is completed, so that the 278 planned apartments are guaranteed to come to fruition.
By the way, Sweetser is also seeking $10 million to $15 million in tax breaks from the City of Providence, and another $21 million in federal historic tax credits.
In total, approximately $75 million of taxpayer dollars is being requested for the project.
RI Republican | Limited government, individual liberty, and self-reliance | Page 2
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