§ 42-64.9-2 - Legislative findings and purpose. - Rhode Island Statutes

SECTION 42-64.9-2

   § 42-64.9-2  Legislative findings andpurpose. – It is found and declared that:

   (1) Throughout the state of Rhode Island there are locatednumerous historic and industrial mill structures which over the past two (2)decades have experienced high vacancy rates and physical deterioration.

   (2) Without added economic incentive, these structures arenot viable for redevelopment and reuse by modern commercial and manufacturingenterprises and will continue their physical deterioration.

   (3) The redevelopment and reuse of these historic industrialmill structures are of critical importance to the economic well-being of thestate of Rhode Island and its towns and cities.

   (4) The adoption of certain economic incentive measures willassist in stimulating the reuse and redevelopment of Rhode Island's historicindustrial mill structures, and will benefit the health, safety, welfare andprosperity of the people of this state.