BREAKING: Fane Tower Dead, Says Developer
Friday, March 10, 2023
Developer Jason Fane announced Friday that he will no longer be proceeding with the development of the Fane Tower -- which would have been the tallest structure in the city's history. He first proposed this project six years ago.
“I came to Providence with a vision for a great and iconic project that would provide much-needed housing, quality jobs, and revenue for local government and have worked long and hard to make it a reality," said Fane Organization President Jason Fane.
He continued:
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST"However, due to recent risk factors outside of my control, it is no longer feasible to move forward with this project.
I wish the I-195 Redevelopment District Commission, the City of Providence, and the State of Rhode Island success with their plans for further development in the I-195 District.”
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