Finance

‘Nationalize’ Providence Place Mall?

2 Comments / Side Blog / By mangeek / 04/20/2009 / Corporations, Finance, ggp, Providence Place Mall, Taxes, thomas friedman

Did you know that the sales tax you pay at Providence Place doesn’t go to the state? It goes to the owner of the mall to defray the cost of building it. Now that the owner is in bankruptcy and trying desperately to sell its assets (about 200 malls and luxury condo buildings) I think …

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First GM… Now The Water Park

Leave a Comment / Douchebags, Economics / By Dave Segal / 11/08/2008 / depression, Economics, Finance, water park, west warwick

Economies based on tourism and luxury condos are always going to suffer first when there’s an economic contraction… WEST WARWICK — The $150-million resort and indoor water park slated for the West Warwick Business Park is on hold at least until the spring as developers search for money to build it. Work on the project …

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