Episode Details

Providence’s once-iconic Superman Building is facing a major funding crunch as developers seek more taxpayer cash to turn the vacant skyscraper into luxury apartments and commercial space — costs have ballooned 50% to $325 million since their last proposal. After failing to deliver on a previous $220 million plan backed by state, city, and federal funds, they’re now eyeing a massive $160 million DOT loan and a potential state sales tax rebate to lure private investment. But with High Rock Westminster LLC still technically unregistered in Rhode Island — a recurring issue — the state Commerce Corporation board’s upcoming vote could be a make-or-break moment for this ambitious, yet financially shaky, urban renewal project.

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