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Providence is ready to roll the dice on pension obligation bond

Providence is ready to roll the dice on pension obligation bond
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.

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Providence Place Mall owner seeks mortgage relief after COVID struggle

Providence Place mall owner seeks mortgage relief after COVID struggle
The owner of the Providence Place mall has fallen behind on the property s mortgage and is trying to refinance its obligations on the property, according to ratings agency Fitch.
The mall mortgage was placed in special servicing April 27 due to imminent monetary default, Fitch Ratings said as it downgraded the credit rating of bonds containing the mortgage.
A special servicer manages securitized loans that are in default.
Providence Place, like numerous other malls in the country, was hit hard by the COVID-19 pandemic.
According to Fitch, Providence Place was 86.2% occupied in December. Stores in the mall, excluding the Apple Store, reported sales of $417 per square foot in 2020 compared with $647 per square foot in 2019. ....

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Who painted utility boxes in Providence? The story - and artists - behind them

Who painted utility boxes in Providence? The story - and artists - behind them
bostonglobe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bostonglobe.com Daily Mail and Mail on Sunday newspapers.

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Providence exhibit helps Rhode Islanders find healing in the arts

Providence exhibit helps Rhode Islanders find healing in the arts
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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GoLocalProv | Providence Police Arrest Man With Loaded Weapon at Black Lives Matter Rally

Thursday, April 15, 2021

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Providence Police arrested a man with a loaded weapon and no license to carry at a Black Lives Matter rally on Wednesday night.
Police had been posted at Providence Place Mall for the rally taking place at the State House, when shortly after 7:30 PM a woman approached them to say a subject in the crowd had a firearm in his waistband.
Police observed the subject she pointed out walking towards them from the State House lawn. The subject, later identified as Dennis Torres, then crossed Francis Street where police approached him.
According to police, officers immediately grabbed hold of Torres and informed him it was reported that he was in possession of a firearm, at which time Torres stated he was. ....

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