Providence Place Mall is Now in Permanent Court-Ordered Receivership

A Rhode Island Superior Court judge has placed the Providence Place mall into the legal hands of two permanent co-receivers

Attorneys Mark Russo and John Dorsey of the Rhode Island-based law firm Ferrucci Russo Dorsey are now the permanent receivers of the Providence Place mall after serving as temporary receivers since Nov. 1.
Attorneys Mark Russo and John Dorsey of the Rhode Island-based law firm Ferrucci Russo Dorsey are now the permanent receivers of the Providence Place mall after serving as temporary receivers since Nov. 1.
Olivia Ebertz / The Public’s Radio
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Attorneys Mark Russo and John Dorsey of the Rhode Island-based law firm Ferrucci Russo Dorsey are now the permanent receivers of the Providence Place mall after serving as temporary receivers since Nov. 1.
Attorneys Mark Russo and John Dorsey of the Rhode Island-based law firm Ferrucci Russo Dorsey are now the permanent receivers of the Providence Place mall after serving as temporary receivers since Nov. 1.
Olivia Ebertz / The Public’s Radio
Providence Place Mall is Now in Permanent Court-Ordered Receivership
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During a hearing on Wednesday, Rhode Island Superior Court Associate Justice Brian P. Stern made attorneys Mark Russo and John Dorsey of the Rhode Island-based law firm Ferrucci Russo Dorsey the permanent receivers of the Providence Place mall. The pair had served as temporary receivers since Nov. 1.

The mall had to enter court-appointed receivership because its now-former owners, Brookfield Properties, defaulted on its payments of a $305 million loan. In court on Wednesday, Stern said he’s been pleased with the work the court-appointed lawyers have done to date in their capacity as temporary receivers.

This story was reported by The Public’s Radio. You can read the entire story here.

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