GoLocalProv | EDITORIAL: VOTE NO on Question #1 Borrowing $515M for Providence Pension Obligation Bonds golocalprov.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from golocalprov.com Daily Mail and Mail on Sunday newspapers.
Providence Mayor Jorge Elorza
Providence Mayor Jorge Elorza on Thursday outlined his new proposal to borrow more than $700 million to pay off the city’s pension fund obligation.
The financial firm that designed the new plan has done bond work for the Elorza administration and is also tied to one of the biggest controversies in modern Rhode Island history.
That same firm, Dallas-based Hilltop Holdings Inc. unit Hilltop Securities Inc. agreed to pay $16 million to “settle any and all claims in a litigation involving the Rhode Island Commerce Corp.” over the infamous failed video gaming company headed by former Boston Red Sox Pitcher Curt SchillingGET THE LATEST BREAKING NEWS HERE SIGN UP FOR GOLOCAL FREE DAILY EBLAST