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So if I understand this correctly; the State of RI has $ 10 million to purchase the remaining acreage. It appears to hinge on the FMV of the property then. If it's $ 7.5 million, a third party could bid $ 8.25 million dollars(110 % of $7.5 million) after agreement is reached(it would be a matter of public record). The State wouldn't have any legal recourse because the additional 10 % is a condition of the Court; even if the SBA would rather the State acquire it for public use, they would have no further say about it.

From: Talks to acquire rest of Rocky Pt. ‘cooking’

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