Paolino reaches deal to buy Newport Grand

LOCAL DEVELOPER JOSEPH R. PAOLINO JR. says that he has an agreement with Newport Grand owner Diane Hurley to purchase the Newport gaming facility. In May, Paolino, along with Peter de Savary and Paul Roiff proposed buying Newport Grand and sinking roughly $40 million into it to upgrade its appearance and entertainment offerings. / COURTESY NORTHEAST COLLABORATIVE ARCHITECTS
LOCAL DEVELOPER JOSEPH R. PAOLINO JR. says that he has an agreement with Newport Grand owner Diane Hurley to purchase the Newport gaming facility. In May, Paolino, along with Peter de Savary and Paul Roiff proposed buying Newport Grand and sinking roughly $40 million into it to upgrade its appearance and entertainment offerings. / COURTESY NORTHEAST COLLABORATIVE ARCHITECTS
PROVIDENCE – Providence developer Joseph R. Paolino Jr. has an agreement to purchase Newport Grand from owner Diane Hurley, Paolino said late Wednesday. “They have some hurdles they have to get through, and I’m not going to comment any further,” he said. The price the parties have agreed to and timetable for completing the transaction…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -