Business Excellence Awards
Applications are now being accepted for the 14th Annual Business Excellence Awar ...
By PBN Staff
The Providence City Council is expected next month to consider the Abandoned Property Registration, Security and Maintenance ordinance, which strengthens local efforts to fix up so-called nuisance properties. The ordinance would be the first of its kind in the state if approved. It would create a series of fees and fines designed to prevent residential properties from staying vacant or falling into disrepair.
Commercial properties are not covered under the proposal.
Supporters say it creates a financial incentive for property owners not to let buildings fall into disrepair. Others worry the ordinance could slow the foreclosure process and affect lending in hard-hit neighborhoods.
What do you think?