Former Providence Mayor Joseph Paolino said he and some partners are interested in buying Newport Grand. Paolino said the struggling slot parlor needs to be saved before table games come to Massachusetts.
Paolino said he and his two partners have been talking with owners of Newport Grand since last summer. Since then Foxwoods has been looking at building a casino in Fall River, and Paolino sees that as a dire threat.
Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling The Bottom Line. Each Friday they look at business news and themes that affect local business and the public.
Former Providence mayor Joseph R. Paolino Jr. sat down at his Dorrance Street real estate office earlier this week to talk about his recent property acquisitions; downtown Providence; the city's economic challenges; the Superman Building; a possible mayoral run by Buddy Cianci; and the future of the Providence Journal.
Former Providence mayor Joseph R. Paolino Jr., who was part of a group that tried to buy WLNE-TV (Channel 6) in 2011, is keeping his cards close to his vest on whether he's looking at being part of an effort to acquire the Providence Journal.