PRA approves triangle lot lease to First Bristol for hotel plan

PROVIDENCE – The Providence Redevelopment Agency Thursday approved leasing the “triangle lot” in downtown to a Fall River developer who intends to build a hotel there. Under the 10-year lease, First Bristol Corp. would pay the PRA annual rents starting at $25,000 per year, climbing to $105,000 per year by year 10 and $145,000 in…

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