§ 42-63.5-1. Definitions. For the purposes of this chapter, the following terms shall have the following meanings: (1) “Agreement Regarding Providence Place Mall” means the agreement between the EDC and the developer pursuant to which the Providence Place Project will be constructed and developed. (2) “City” or “Providence” means the City of Providence. (3) The […]
§ 42-63.5-2. Findings. The General Assembly finds and declares that: (1) The City is experiencing a general deterioration of its inner core. (2) There continues to be a chronic state of unemployment and underemployment in the State and especially the City. This condition strains the social support services of the City and State, leads to […]
§ 42-63.5-3. Property taxes. (a) Notwithstanding the provisions of any other general or special law to the contrary, the EDC and the City are authorized to enter into and execute a tax treaty agreement with the developer with respect to all real and personal property taxes or payments in lieu of these taxes which relate […]
§ 42-63.5-4. Additional provisions of Public Investment and HOV Agreement and Ground Lease. (a)(1) Notwithstanding the provisions of any other general or special law, and subject to the approval of and upon terms acceptable to the EDC, the Public Investment and HOV Agreement and the Ground Lease shall provide for, among other things: (i) payment […]
§ 42-63.5-5. Consent to condemnation — Real property requirements. The state gives its consent, as required pursuant to § 42-64-9(a), to the condemnation by the EDC of any interest in any parcels of land within the Project Site which are owned by the state or any state agency, subject, in the case of parcels under […]
§ 42-63.5-6. Convention center garage parking. Notwithstanding the provisions of any other general or special law, the Rhode Island Convention Center Authority is authorized and directed to make available for the use of validated retail shoppers, one thousand (1,000) parking spaces in the Convention Center North Garage during the months of November, December and January […]
§ 42-63.5-7. Additional agreements of the state. Notwithstanding the provisions of any other general or special law or any rules or regulation of any department, agency, public corporation or instrumentality of the state, in order to induce the developer and its lenders to invest or finance the necessary funds for the Providence Place Project, the […]
§ 42-63.5-7.1. Providence place project usury exemption. All loans made and other forms of credit extended to any one or more of Providence Place Group Limited Partnership, Providence Place Group, LLC, PPG Development of Rhode Island, Inc., and/or their respective successors and assigns, in connection with its or their acquisition, ownership, development, operation and/or financing […]
§ 42-63.5-8. Severability. If any provision of this chapter or the application of this chapter to any person or circumstance is held invalid, that invalidity shall not affect other provisions or applications of this chapter, which can be given effect without the invalid provision or application, and to this end the provisions of this chapter […]
