Now that it is tasked with the completion of Dunkin’ Donuts Park, Arch Insurance is seeking a substantial reimbursement from the ballpark’s former developer.
Arch Insurance is in charge of overseeing the work at Dunkin’ Donuts Park which–though it has not resumed–is slated to be finished by April 13, 2017, the home opener for the Hartford Yard Goats (Class AA; Eastern League). As it moves forward with that plan, the insurance company is seeking a nearly $19 million reimbursement from Centerplan Cos. and its CEO, Robert Landino.
Such a move is not surprising, as the City of Hartford began the process of bringing Arch onto the project by pulling a performance bond. However, in a twist, Landino’s connection to Greenskies Renewable Energy, a solar company, has led to a third party being named in the dispute. More from WNPR.org:
It’s complicated. But it goes like this. According to a lawsuit filed by Greenskies to stop the action, Landino is a member of the company. And in the course of getting bonding from Arch Insurance for the energy company, Landino signed a document that obligated him and Centerplan to cover Greenskies’ losses. That’s not unusual.
What is unusual is this: Arch Insurance claims that same document obligates Greenskies and its members to cover Centerplan’s losses, too — including more than $18 million for the stalled stadium project.
[Attorney] Steven Kaplan said he hasn’t seen anything like this before.
“Not that that couldn’t happen,” he said. “But it’s certainly extraordinary.”
Even with Arch Insurance overseeing the project, the legal fallout of this summer’s delays to Dunkin’ Donuts Park continues. Centerplan Cos. has also been named as a defendant in a case against a contractor, and the company has previously filed suit against both the City of Hartford and the Yard Goats.
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