PROVIDENCE, R.I. (WPRI) — Providence has agreed to pay nearly $278,000 to evict a former downtown events venue from the property it has leased since 2016.
The city had been trying to evict Skyline at Waterplace for almost a year. The owners were accused of violating their lease by not keeping the property in good condition.
Target 12 obtained a copy of the settlement, which shows the city will pay the venue a one time payment of $277,905.87, which is comprised of rent collected by the city from Skyline during its eviction process and subsequent appeal.
TARGET 12: Providence committee approves settlement with Skyline at Waterplace
The city held that money in escrow.
The money has to be paid in full within 30 days of the finalized agreement, which was signed on Oct. 16.
Mayor Brett Smiley released a statement calling the settlement is the “best possible outcome” for the city and those involved with the property.
SEE ALSO: Skyline at Waterplace, city reach proposed agreement in eviction dispute