High rock development

Ian Donnis / RIPR

More than 150 civic, business and political leaders gathered in the majestic grand banking hall of the vacant Superman Building Thursday to endorse the use of an as-yet-unspecified public subsidy to revitalize the iconic structure in downtown Providence.

Boosters said remaking the Jazz Age-era building with a mix of uses emphasizing residential would create more than 1,000 jobs, help fill the demand for more downtown housing, and offer other economic benefits.

RIPR FILE

The owner of the Superman Building in downtown Providence renewed his call Tuesday for a public-private partnership to revitalize the vacant skyscraper. But it remains unclear whether the state will provide $39 million in requested help.

RIPR FILE

A bill that would use $39 million in taxpayers’ money to revitalize the vacant Superman Building is slated for a Senate Finance committee hearing this Tuesday.  Lawmakers have been lukewarm about using a public subsidy for the Providence skyscraper.

RIPR FILE

Supporters of turning the vacant Superman Building into apartment units say they may unveil a new financing plan as soon as next week.  The General Assembly has been wary of offering a public subsidy to reuse the Superman Building in the aftermath of the collapse of video-game company 38 Studios. Supporters of the project say filling the Superman Building with tenants and other new uses would boost the economy in Providence.