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.