February 7, 2014

Renaissance's new target: finance plan by March

The project manager for the Depot Square project pushed by the Long Island-based Renaissance Downtowns said Friday he's still working to put together a comprehensive financing package for the $39 million first phase of the development eyed for the former mall site in the city center.
Ryan Porter, the project manager, said the company's goal is to have a financing plan in place by March.
The Bristol Downtown Development Corp. and the City Council have to review and approve the financing before the sale of the first parcel can go through. By contract, that's supposed to happen no later than May 26.

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