On an 10-1 vote Thursday night, the City Council gave final approval for a tax-reduction agreement that will clear the way for the demolition of the vacant Fogarty Building on Fountain Street and its replacement with a $40-million high-rise hotel.
Once the mayor’s office signs off on the agreement with the hotel developer, Cranston-based Procaccianti Group, the company plans to apply for the needed permits to demolish the building, company spokesman Ralph V. Izzi Jr. said.
The company expects to begin tearing down the old social services office building within six to nine months of getting the permits, Izzi said, with hotel construction taking 12 to 18 months after that, he said.
I much prefered the ‘general hospital from the eighties‘ design they were proposing back in May of last year.
Also, how lame are we that we’re giving permission to someone who owns two surface parking lots a block away to tear down yet another building in our city?