NEWPORT, R.I. (AP) — Former Providence Mayor Joseph R. Paolino Jr. has again reached an agreement to buy Newport Grand, but only if a court ruling clears title to the property.
The Newport Daily News reports that Paolino confirmed Wednesday he has reached an agreement to buy Newport Grand, but only if title to the property is cleared up.
Deeds in 1975 transferring ownership of the former city landfill to Newport Grand CEO Diane S. Hurley’s father stipulated the city could buy back the property if it was not used in connection with a jai alai fronton or civic center.
Newport Grand has filed a legal complaint seeking a ruling that the so-called reverter rights are no longer relevant. It says an agreement is in place with unidentified developers to buy the slot-machine parlor.