Firm Assists Development Project Secure Over $2M in Rebuild RI Tax Credits & Sales Tax Incentives
September 2016
The firm was recently involved in assisting the developer of the Lippitt Mill in securing up to $2.1 million from the State’s Rebuild Rhode Island tax-credit program and up to $230,691 in sales tax exemptions for construction materials for a $15 million project to redevelop the now vacant Lippitt Mill in West Warwick.
Prominen Management Group, LLC of Cedar Hill, Texas, plans to develop a residential complex with 65 units, 28 of which will be affordable housing units.
The Ferrucci Russo team works with cities, towns and land owners to utilize specialist Court-supervised proceedings focused on collaboratively resurrecting distressed real estate development projects. We have successfully assisted project owners/developers in pursuing tax credits, grants and other incentives for redevelopment projects. For further information, contact John Dorsey at jdorsey@frlawri.com or via phone at (401)455-1000.
