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

December 5, 2024

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.

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.

Olivia Ebertz Olivia Ebertz comes to The Public’s Radio from WNYC, where she was a producer for Morning Edition. Prior to that, she spent two years reporting for KYUK in Bethel, Alaska, where she wrote a lot about how the warming climate is forcing local Indigenous communities to change their traditional lifeways.

Prior to her career as a journalist, Olivia worked in film. Her documentaries have screened at festivals worldwide.

Olivia likes to pursue stories inspired by questions from community members.
Ella habla español, lei parla italiano, и она говорит по-русски.

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