Providence Council Approves Hotel Tax Agreement

(Providence, RI)--The Providence City Council is giving final approval to a tax deal for a proposed Westminster Street hotel project.The Providence Journal reports the vote on Tuesday for the 20-year tax-stabilization agreement, valued at about two-and-a-half-million dollars, passed on a 9-to-5 vote.The developer of the project, being called the Hotel Hive, says it's a 39-million-dollar overall investment.


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