Despite all the talk about making Providence more hospitable for developers, some city officials continue to throw roadblocks in front of worthy projects.
The latest example, the $39 million Hotel Hive proposal that would turn two long-vacant, historic downtown properties into a boutique hotel, restaurant and coworking space.
The project has the support of Mayor Jorge O. Elorza’s office, the Providence Preservation Society, and others who see it as a way to preserve the properties and serve as a potential catalyst for additional development. It’s already won approval for design plans and received a $6 million tax-increment-financing deal from the state.
Yet a City Council finance panel recently voted 3-2 not to advance to the full council a requested 20-year tax-stabilization agreement from the city. Reasons for the dissenting votes ranged from distrust that the TSA is needed to concern from at least one member about how the council is monitoring pay and employment standards for other such agreements.
Thankfully for the proposed hotel project, the full council was expected to take up the request on Dec. 5, after eight members signed a petition to force the issue out of the subcommittee.
But the council should take the additional step of approving an administrative TSA approval process for all areas of the city, for all but the biggest projects. Such a proposal languished before the same council finance panel for more than a year without a vote.
It is time to let worthy developers know that they are indeed welcome in the city.