MAYOR BRONIN ANNOUNCES IMPORTANT STEP FORWARD BY ARCH INSURANCE
HARTFORD, CONN. (AUGUST 2, 2016) – Today, Mayor Luke Bronin confirmed that the surety bonding company Arch Insurance has entered into an agreement with Pendulum, an architecture firm, to return to the ballpark as early as tomorrow. In returning to the baseball stadium, Pendulum is tasked with completing a scope of work, which is necessary to re-open the project site and complete the ballpark. The costs of Pendulum’s work going forward will be paid for by Arch Insurance.
“Despite all the distractions, threats, and gamesmanship, we’ve stayed laser-focused on getting Arch Insurance to take over construction of the ballpark, because it’s the best result for Hartford and for Hartford’s taxpayers. Arch has not yet taken full responsibility, but by formally engaging the architect, they’ve taken a significant step forward in that direction.”
Following Centerplan’s failure to meet several deadlines for substantial completion of the ballpark and defaulting on the project, and subsequently, Mayor Bronin terminating Centerplan’s contract, Arch Insurance has been conducting an investigation since early this summer to determine what role they will play in completing the project.
As part of the agreement, the City of Hartford will wire $247,422.88 to Pendulum for past invoices that DoNo LLC had not paid, and the City has reserved all of its rights to seek reimbursement from Arch and from DoNo LLC for the advance of these funds.