Group of investors plans to purchase Lincoln Park

Tuesday, Feb. 8, 2005 | 9:27 a.m.

PROVIDENCE, R.I. -- A group of investors which formerly bid on Lincoln Park's parent company now plans to buy the park itself, according to the governor and legislative leaders.

They said BLB Investors, LLC has told the state it plans to purchase Lincoln Park from British parent company Wembley PLC.

Gov. Don Carcieri, Senate President Joseph Montalbano, and House Speaker William Murphy said the $560 million deal includes $435 million to acquire the park and a $125 million investment in infrastructure improvements there.

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