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twitterLincoln Park purchaser given endorsement
Tuesday, May 24, 2005 | 9:25 a.m.
PROVIDENCE, R.I. -- A law firm hired by the governor to review a prospective buyer for Lincoln Park has cleared the would-be purchaser, despite some lawmakers' reservations.
The New York law firm of Willkie Farr & Gallagher recommended that the state approve BLB Investors' bid for the gambling facility, under certain conditions, among them that legislators approve an 18-year revenue-sharing agreement between BLB and the state.
A Senate committee was expected to vote on a version of that legislation today. The House Finance Committee scheduled its hearing for Thursday.
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