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Providence City Council to vote on revised TSA proposal - Providence Business News

Providence City Council gives first approval to revised TSA proposal
May 6, 2021 11:02 am
PROVIDENCE – Compromise legislation imposing wage standards for larger development projects that receive city tax breaks while exempting smaller-dollar projects received the initial green light.
May 5, 2021 10:05 pm
PROVIDENCE – The R.I. Housing and Mortgage Finance Corp. through its lender partners helped 1,593 families purchase their first houses in 2020, with a.
Updated at 7:12 p.m. on May 6, 2021.
The PROVIDENCE CITY COUNCIL gave initial approval on legislation that creates wage standards for large development projects that receive property tax breaks. The Hotel Hive Providence project, pictured here, is one of the projects that has received a tax break from the city. / COURTESY ABDO DEVELOPMENT ....

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Hotel Hive project on hold, developer may seek deadline extension

Hotel Hive project on hold; developer may seek deadline extension
THE HOTEL HIVE project slated for two vacant properties on Westminster Street is on hold due to the pandemic, with the developer considering asking for an extension on deadlines in agreements with the city. / COURTESY ABDO DEVELOPMENT
PROVIDENCE – A controversial tax deal inked between the city and a hotel developer may need to be revised due to the pandemic. Jim Abdo, the D.C.-based developer behind the $39 million Hotel Hive Providence project, told Providence Business News on Monday that COVID-19 has stalled plans for the combined hotel, microloft and cowork space… ....

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