Providence Place Mall and Others Hit With Tax Increase on Parking - Movie Theater Operator to Leave
GoLocalProv
Providence Place Mall and Others Hit With Tax Increase on Parking - Movie Theater Operator to Leave
Providence Place is not the only parking facility impacted by the new tax as a result of the new law, but maybe no facility will be more adversely impacted. It goes into effect on October 1, 2025.
This new tax will apply to various locations in the capital city, including paid garages, event parking, and state or municipal lots if they charge for parking. Parking service providers are now required to register, collect, and remit this sales tax, which must be itemized separately on receipts.
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Movie Theater In Limbo
Showcase, a subsidiary of National Amusements Inc., has been the vendor for the malls' movie theaters for more than two decades.
It has notified the receiver of the financially struggling Providence Place that it will not renew its lease, which is set to expire at the end of January 2026.
“We are confident that the cinema space will continue to provide a first-class entertainment and movie option for our patrons. As details develop, we will follow up,” said Mark Russo, the receiver for Providence, in an email to GoLocal.
He did not respond to questions about the potential loss of revenue for the mall.