256 Broadway Tax Stabilization Agreement
Description
Five-year tax break to finish a $2.2M historic rehab into 11 apartments plus two commercial spaces, keeping existing tenants like Lemay Hot Pot and Bagel Express in place.
Impact summary
Adds dense, moderately priced rental housing on Broadway, but the committee flagged the owner's recent tax delinquency as a caution.
Applicant
- Name
- Live Broadway LLC
- Address
- 256 Broadway, Providence, RI (AP 28, Lot 1054)
At a glance
- Hearings
- 1
- Public comments
- 2
- Total mentions
- 1
Recorded in the meeting · Committee on Ways and Means
Discussed at 1 meeting in the last 60 days; most recently Oct 21, 2026.
Meeting timeline (1)
Related issues (2)
Providence Build Act — affordable housing tax stabilization rules
A new ordinance would give affordable-housing developers a two-year tax deferral after construction so big tax bills don't sink projects before units are leased. Referred to Finance.
Repeal of E2000 Realty tax stabilization agreement
The council passed, on second reading, a repeal of the 2019 tax stabilization agreement for the property at 541 Hartford Avenue, meaning the owner will no longer receive the tax break.
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