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Subsidy Tracker Individual Entry

Company: Providence Place Group
Parent Company: Brookfield Asset Management
Subsidy Source: multiple
Location: Rhode Island
City: Providence
Project Description: downtown shopping mall
Year: 1996
Major Industry of Parent: diversified
Specific Industry of Parent: diversified
Subsidy Value: $140,000,000
Program Name: property tax abatement
Awarding Agency: multiple
Type of Subsidy: 
MEGADEAL

Capital Investment: $359,000,000
Source of Data: The subsidy value and investment projection came from: Gregory Smith, "Providence council Oks tax break for mall," Providence Journal, October 18, 1996.
Notes: In addition to the 30-year property tax abatement provided by the city, the state provided other subsidies, the value of which was not reported. Overlaps with main Subsidy Tracker data: none.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.