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PORTSMOUTH – A 125-acre, waterfront property known as the Newport Beach Club has been sold from receivership for $9.15 million. The new owner, a development team, plans to build out a plan for...
WESTERLY — The mighty and massive granite blocks that make up the walls of part of the Potter Hill Mill remain in place, but the floors inside are falling in on each other. Other buildings on the...
WESTERLY — A team of engineers, scientists, and community partners evaluating potential solutions for the flood risks posed by the deteriorating Potter Hill Dam will discuss their findings Thursday...
WESTERLY — An environmental consultant has been hired to help establish a remedial action work plan for four chemically contaminated wastewater lagoons on the former Bradford Dyeing Association...
Representatives from Twin River Casino appeared before the Lincoln Planning Board last week to pitch the Lincoln casino’s plans for expanding. The casino is planning to build a 10,641-square-foot spa...
Have there been too many state and federal support programs competing for the attention of local businesses during the pandemic? That may sound crazy in a state of approximately 1 million residents...
Government lifelines are disappearing for businesses gutted by the COVID-19 pandemic. . . .Yet, a lifeline set up months ago by the R.I. Judiciary to help rescue business owners pinned between...
We proudly announced our new firm name -- Ferrucci Russo Dorsey -- in July of 2020 to reflect the achievements and contributions of John Dorsey. “Our firm is proud to add John Dorsey as a name...
In response to the significant disruptions being wrought by the COVID-19 pandemic, the Superior Court has launched a business recovery plan designed to provide a participating company with...
A program ordered by the R.I. Superior Court could offer a needed lifeline to businesses that have been hit hard by losses associated with COVID-19. The COVID-19 Non-Liquidating Receivership Program...
Presiding Justice Alice B. Gibney has announced the start of a business protection program, the Business Recovery Plan, in response to disruptions caused by COVID-19. The court will provide...
The Superior Court will start a business protection program in response to disruptions caused by COVID-19, Presiding Justice Alice B. Gibney said on March 31. Under the Business Recovery Plan, the...
After 41 days of trial on the Superior Court Business Calendar before Justice Sarah Taft-Carter, Mark Russo of Ferrucci Russo and his team just secured a complete defense victory for their client, ...
Working alongside a special master appointed by the Rhode Island Superior Court, the city announced that the demolition of the burned-out old mill building at 258 Pine St., began on Monday. “This...
Where two petitions have been filed seeking arbitration of disputes concerning the cannabis industry, a motion to dismiss should be denied despite a Maine forum selection clause contained in one of...
A representative of the new owners of a portion of the former Bradford Dyeing Association property discussed early-stage plans for the property with the Planning Board on Tuesday. Aurora Leigh, a...
A Superior Court judge has dismissed RICO claims brought by a plaintiff receiver against several defendants, including an attorney, his law firm, and a Florida limited liability company, finding...
The court-appointed special master charged with defining the future for the burned-out mill property near a coming new commuter rail station has outlined steps he plans to take with the...
There were no objections at a public hearing Monday night on a request by Twin River to change the pilot 24-hour operating license at Tiverton Casino Hotel to a permanent one, but it still must be...
A Rhode Island state court has pumped the brakes on cannabis behemoth Acreage Holdings' proposed purchase of nonprofit dispensary Greenleaf after a regional cannabis outfit accused Acreage of a raft...
In Rhode Island, there is a well-established precedent of Court-supervised proceedings to liquidate insolvent real estate projects, including projects that have a historical mill building component, ...
An agreement under which the town of Johnston would re-sell some of the water it draws from the Scituate Reservoir to supply the steam turbines at a proposed $1 billion power plant in Burrillville...
A Superior Court judge has upheld a water deal between the Town of Johnston and Invenergy that is key to the Chicago developer’s plan to build a $1-billion power plant in Burrillville.  In a...
Town officials plan to apply for a $500,000 grant from the federal government to fund the cleanup of four lagoons that were used to treat chemicals and other wastewater at the former Bradford Dyeing...
The crux of a lawsuit over a water deal between the Town of Johnston and Chicago-based power plant developer Invenergy may come down to six words in a century-old state law. Those words — “other...
Town administrators from Tiverton and Lincoln have a meeting with the governor’s office today to talk about sports betting that could come to the two casinos in the state in the near future. See...
The private road leading to the Twin River-Tiverton casino and hotel project will be called Tiverton Casino Boulevard, a name that will make it easier for people to find the place and allow its...
Court-supervised receivership and special master proceedings are designed to seek the Court's intervention to exercise its powers over assets in order to preserve and protect the value of those...
Borrowing a strategy that other communities have used to restore abandoned, blighted real estate to the tax rolls, the city has petitioned into receivership the owners of the defunct factory complex...
The final plan for Twin River-Tiverton casino and hotel was approved by the Planning Board on Wednesday night, paving the way for a building permit to be issued for the project at William S. Canning...
The purchase and sale of real estate involving underground storage tanks ("UST") can create complications in reaching a successful sale transaction. Understanding the applicable local and state laws...
By Michael Holtzman, The Herald News TIVERTON — Near the intersection of Stafford Road and William S. Canning Boulevard, where Twin River-Tiverton LLC plans to build an 80,000-square-foot casino, at...
The plans by Twin River to build a casino and hotel on 45 acres off of William S. Canning Boulevard represents an "insignificant alteration" to the wetlands on the property, the Rhode Island...
Rehabilitating blighted, residential properties presents a number of complex issues. Currently, there are several strategies emerging to reposition these properties through court-supervised...
The firm was recently involved in assisting the developer of the Lippitt Mill in securing up to $2.1 million from the State’s Rebuild Rhode Island tax-credit program and up to $230,691 in sales tax...
From Newport Daily News --Twin River attorney Mark Russo told the Planning Board the company wanted to address the comprehensive plan amendment now, which would include a detailed description of the...
From The Providence Journal EAST PROVIDENCE, R.I. — After years of litigation, 9 acres in the Phillipsdale section of Rumford may get new owners who plan to build 144 apartments on the property, ...
The firm was recently involved in assisting two distressed properties receive $280,000 in grants from the newly-created Brownfields Remediation and Economic Development Fund. The grants are part of...
The law firm of Ferrucci Russo is proud to announce that John Dorsey has been named a partner in the firm. John serves as counsel to court-appointed receivers in the Rhode Island Superior Court...
Mark Russo's guest column for Providence Business News.  With economic development and job creation closely tied to land development, Rhode Island saw a number of real estate development projects...
From The Valley Breeze:  LINCOLN - Despite some public opposition, the Town Council unanimously voted to approve an application for a comprehensive plan amendment and zone change application...
John Dorsey, an attorney at Ferrucci Russo, was recently named a court-appointed receiver by the R.I. Superior Court. Dorsey has a wealth of experience in cases involving insolvency, turn-around and...
Congratulations to firm attorney John Dorsey who was recently named to the R.I. Superior Court panel of Court-appointed receivers. John joined the firm in 2010 and has gained a breadth of experience...
From the Providence Journal -- WESTERLY, R.I. -- Westerly Hospital is getting something of a bonus as it reaches the formal conclusion of its receivership: The community hospital will receive $1...
Ferrucci Russo closed the sale of Lippitt Mill to JSA Equities of New York on February 27th. The property will be converted into a 94-unit residential development.  In order to reach a closing, ...
From the Providence Journal: EAST PROVIDENCE — A big chunk of underutilized East Providence waterfront will get a formal push onto the market in the coming weeks as the result of negotiations...
Congratulations to Ferrucci Russo attorney John Dorsey who joined the Board of Directors for Quonset Development Corporation where he serves on the finance and compensation committees. He was...
In December 2014, Mark Russo authored a guest article in Providence Business News entitled:  “Westerly Hospital Shows Bankruptcy Not Only Option.” It marked three years since December of 2011 when...
Mark Russo, founder and principal of the Providence-based law firm Ferrucci Russo P.C., announced the firm’s of-counsel affiliation with the 300-attorney Healthcare Law practice of McElroy, Deutsch, ...
Last month, the West Warwick Town Council members approved a consent order giving permission to convert the historic Lippitt Mill to residential apartments. After a competitive bid process, the bid...
"Superior Court Associate Justice Brian P. Stern appointed Providence-based attorney Mark Russo as special master to run the hospital during the receivership and to seek bids for its acquisition. ...
"The Merger & Acquisition Advisor, based in New York City, announced last week that the hospital’s acquisition in 2013 by Lawrence & Memorial Hospital of New London, Conn., would receive its annual...
"The Westerly Hospital filed for receivership in December 2011 after struggling to pay its creditors and employees. Superior Court Associate Justice Brian P. Stern appointed attorney W. Mark Russo as...