Fane Tower approved by Rhode Island Supreme Court
The Supreme Court decided that the tower does not violate any zoning restrictions, despite the complaints that it would be too high.
The tower is slated to be built on a piece of land where Interstate 195 used to run.
In joint statement Thursday, Senate President Dominick Ruggerio and House Speaker Joseph Shekarchi said in part that they were “pleased with today’s Supreme Court ruling, which allows the Fane tower proposal to proceed,” adding that, “We are excited that this major private investment in our capital city can now move forward, creating jobs and needed housing, and bringing renewed vibrancy to this downtown area.”
Fane Tower, measuring 550 feet, would surpass the Superman building as the tallest building in the state. It would be both a residential and retail building.
The deadline for the closing date of the property was agreed to last month by the I-195 Commission and potential owner Jason Fane.