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.
