• Rhode Island Legislature Seeks To Assist Property Owners and Developers by “Tolling” The Expiration of Land Use and Development Related Permits and Approvals
  • August 16, 2010 | Author: John R. Pariseault
  • Law Firm: Hinckley, Allen & Snyder LLP - Providence Office
  • In late 2009, in response to a weakened real estate market and the reluctance of financial institutions to lend money for real estate development projects, the Rhode Island General Assembly (the “Legislature”) passed a bill that “tolled” the expiration of certain permits and approvals issued by local planning and zoning boards, as well as permits issued under any state statute or related regulation for the development of property, including, permits issued by the Rhode Island Department of Environmental Management (“DEM”) and the Rhode Island Coastal Resources Management Council (“CRMC”) (the “Tolling Statute”). The Legislature recently amended the Tolling Statute to clarify what permits the Tolling Statute applies to and how to calculate the expiration period for such permits and approvals. The Tolling Statute is an important measure that requires action by property owners and developers who wish to extend the expiration date of certain land use and development related permits and approvals.