Finance committee approves $29 million agreement for Superman tower

Finance committee approves $29 million agreement for Superman tower

  • Apartments would range from $2,071 to $5,287 a month
  • Housing advocates called for more affordable housing

PROVIDENCE — The Providence Finance Committee gave the green light to a $29 million tax stabilization agreement, Tuesday night, for the owner of the 26-story Superman building, part of a larger deal to turn the long-vacant property from offices into apartments.

The finance committee heard testimony from a packed meeting chamber, while others waited outside, in a line that snaked around City Hall, mostly made up of the neon green shirts of trade union workers.

Despite the massive interest in the tax stabilization agreement and the huge line, held in with metal barriers on the sidewalk, only one person was stationed at city hall to check people into the building.

City Council Spokesman Parker Gavigan wrote in an email that the city council isn’t responsible for manning the front desk and the committee delayed starting the meeting by 25 minutes to let more people in.

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