Lincoln Park sale legislation to go before Senate committee
PROVIDENCE, R.I. Legislation that would move the sale of Lincoln Park forward goes before a Senate committee today. The Committee on Constitutional and Gaming Issues is scheduled to hear a bill that would allow the state Lottery Commission to enter into a contract with BLB Investors.
They're bidding to purchase the gambling facility.
The proposed legislation spells out what percentage of revenues the state would get from video lottery terminals at the park. Those percentages would be locked in for 18 years.
BLB has said they need such an agreement to go forward with their purchase.
The bill would also prohibit a hotel from being built at Lincoln Park without Lottery Commission permission. And it would commit the state to making improvements along the roads leading to the park.
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