(Providence, RI) -- The city of Providence is announcing the transfer of the historic Bomes Theatre on Broad Street. A local developer will oversee the complete renovation of the theatre into a mixed-use building, according to an announcement from the city on Thursday. The nearly century-old Bomes was acquired by the Providence Redevelopment Agency in 2004, and the agency will transfer the property to the developer, Fernando Tavares, in exchange for a two-point-two-million-dollar renovation investment.