PROVIDENCE – Providence Place mall has been placed into receivership, a state-level version of bankruptcy, WPRI-TV CBS 12 reported. Judge Brian Stern in R.I. Superior Court on Thursday granted a petition for receivership by the U.S. Bank National Association, which represents multiple lending entities for the mall, television news station reported. Providence Place’s private lenders
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1) sell it to a developer to turn into condos and apartments or
2) centralize all state legislative offices and constituent offices there as well as possible state agencies so there is a “one-stop” location for citizens to interact with their leaders and regulators.