Thank you Pedro, you left one hell of a legacy
According to several sources familiar with the project, the votes are in place on the Hartford Stadium authority to "call the bond" at their meeting today. The bond is essentially an insurance policy that was required by the City to guard against default by the developers on the project. Performance bonds are a standard process in the construction industry.
If the bond is called by the Stadium Authority ,sources say, it is anticipated that all work will cease on the project within the next 48 hours. The bond process would require a type of investigative procedure as to determine the cause and who is at fault for the delay.
There is where the plot thickens. Sources are also telling me that the Bond holder, the insurance company , will most likely refuse to pay. Apparently there is enough blame to go around and the insurance company is apparently claiming that the City of Hartford shares a large part of the responsibility for the delays.
It should be an interesting meeting. Let the litigation begin. In the meantime, the New Britain Bees are just a short drive away if you want to enjoy some baseball.