By January end, various officials from National Sailing Hall of Fame (NSHOF) and the Newport city are hoping to get the things final for the sale of municipal Armory present on lower Thames Street to the Hall of Fame. The closing of sale deal is taking longer than expected time, according to some.
But, it didn’t happen so. On Saturday he said, “This deal is in slow progress. And looking at the progress rate, it is expected that things will happen after the 23rd of Jan.” He gave a reason for the delay in finalization of a deal and said, “Before this sale becomes official, there are many governmental procedures we have to take care of and this includes the fact that Rhode Island bears all the rights to refuse to acquire this property.” Under the agreement, the state holds first refusal right to buy the property again. Joseph J. Nicholson Jr., the City Manager has now sent a letter to the Department of Administration for taking written confirmation that the state does not have any interest in holding the property.