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As TSA's go it doesn't sound too bad. When we look back will it have been good or bad for the city. Providence's TSA's are universally regarded as massive failures almost across the board. Only the developers have benefited there. If The Beacon wasn't so friendly to the Mayor's administration we might be able to expect that there would be hard questions asked. One simple one would be will the discounted tax rate increase as the city raises the rate every year. Or are they fixed. If they are fixed at a base abd only start going up after 5 years the tax give away could be much higher than $1.5 million. Let's hope the due diligence done by the city has built in protections for the taxpayers and business'es that will have to compete against these subsidized developments.

From: City approves tax break for new developments

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