Providence City Council gives final approval to TSA reform

The PROVIDENCE CITY COUNCIL gave final 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
PROVIDENCE – After years of debate and failed attempts to reform the tax deals for Providence development projects, change is coming with the City Council’s approval on Thursday. The 14-2 vote, the second of two needed to pass the Tax Stabilization Investment Act, came minutes into the meeting and with no discussion. As with the…

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1 COMMENT

  1. Ugh! Another sop to the unions! We already have wage laws, this is NOT needed.
    The City Council needs to STOP demonizing developers, ESPECIALLY ones who are redeveloping existing buildings that can otherwise fall quickly into disrepair and possible demolition – losing a critical part of Providence history and culture!