Receivership expert explains the status of the Providence Place Mall

PROVIDENCE, R.I. (WLNE) — Providence Place Mall has been under new management since mid-November, in what’s called a receivership status.

It’s an effort to save the shopping destination from the fate of steep outstanding loans, to the tune of $300 million.

Receivership attorney John Dorsey joined ABC6 Anchor Karah Bailey with an update on their progress.