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10 % a year of phasing in the tax rate AFTER a frozen tax rate is too long(maybe 20 %/overall it would be frozen for 5 & phased back in for five). Especially for the Elizabeth Mill property; first the developer indicated he could work with the historical structure then said it needed to be demolished. The City Council/Mayor agreed to this & since then it has just sat there. Even if it's retail & office establishments/space , build on the site-RI needs jobs. The process has been stretched out far TOO LONG!