Audit: Hartford ballpark costs exceed $102 million - WFSB 3 Connecticut

Audit: Hartford ballpark costs exceed $102 million

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(WFSB photo) (WFSB photo)

Independent auditors released a report Friday confirming Yardgoats' stadium will be more costly than initially predicted.

The report shows the actual cost of the stadium will be more than $100 million.

Since the developers were fire three months ago, there have been even more expenses, including legal fees.

"The original stadium that was promised by the previous administration, as I've said for many months, is going to cost much more than first promised," said mayor Luke Bronin.

The mayor said he's concerned about costs to taxpayers, which is why he rejected an offer this week by the Yard Goats to lend the city money to finish the stadium.

The audit lays out all of the costs. It was originally priced at $63 million.

So far, the stadium has accrued nearly $85 million in expenses and close to $7 million in cost over runs.

The other costs are due to land purchases and changing roads around the stadium.

"First of all any additional cost of the stadium will be bored by Arch Insurance company. They have a performance bond and they have to pay for the cost of finishing the stadium. Whatever the cost," said Charles Mathews of the Hartford Stadium Authority.

City Councilor John Gale said he doesn't see anything new in the audit, but expressed concern over legal costs from the lawsuit developer Centerplan filed against the city.

I think it was fairly well known the cost of the entire project was not 56 million but 56 million plus plus. But we are not done...and those costs would be even more upsetting," said Gale.

City officials said Arch would be making a decision in the coming weeks to either accept or deny the claim.

The mayor hopes Arch makes a decision soon. However, some said they think Arch will be reluctant to make any decision until the legal battle between the city and Centerplan is resolved.

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