City Council approves tax deal for Providence hotel

HOTEL HIVE PROVIDENCE, the proposed $39 million reuse of two vacant downtown buildings, was approved for a tax break by the Providence City Council, after a subcommittee opposed it. / COURTESY ABDO DEVELOPMENT
PROVIDENCE – The City Council on Thursday approved a $2.7 million tax break for a developer planning to turn two vacant downtown buildings into a boutique hotel, restaurant and coworking space. The 20-year tax-stabilization agreement for the Hotel Hive Providence was approved by an 8 to 6 vote, despite vocal opposition in the audience from…

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