EDITORIAL: Soccer Stadium Mess Makes Hartford Look Gullible - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
December 23, 2015 Newswires
Share
Share
Post
Email

EDITORIAL: Soccer Stadium Mess Makes Hartford Look Gullible

Hartford Courant (CT)

Dec. 23--If Hartford residents are losing faith in the city's ability to monitor its money, they have good reason.

Last week, an insurance broker was found guilty on all charges of cheating the city and state out of more than $1 million. The city's insurance premiums and coverage were protected, but internal controls were either lacking or not followed.

Then there is the soccer stadium. A Courant investigation has found that a stadium developer, given more than $1.5 million by the city to bring professional soccer to Hartford, may have been enriching himself, his partner and their companies with much of that money -- instead of paying bills.

This week we learn that the baseball stadium project may be behind schedule and $10 million over budget, though the developer disputes both points.

It's getting tiresome to keep wondering: Who is watching over Hartford's money?

Fortunately, incoming Mayor Luke Bronin has a committee studying that question so he can institute more oversight once he takes office. The city cannot be a candy store for schemers.

Soccer

The soccer stadium fiasco is particularly troubling. To recap, Premier Sports Management Group won the bid to redevelop Dillon Stadium into a 15,000-seat soccer venue. Premier then merged with Black Diamond Consulting.

In sad hindsight, the city should have looked more closely into Black Diamond's owner, James Duckett. The Courant revealed in October that Mr. Duckett had a felony conviction for embezzlement and civil suits in several states accusing him of failing to pay debts.

The stadium deal fell apart almost immediately. By then, however, the city had reimbursed Premier more than $1.5 million for bills the developer claimed it had paid subcontractors.

Now the city is saying that $735,000 of those invoices were illegitimate. Subcontractors are saying they received only a third of that $1.5 million. So a lot of city money is unaccounted for.

Local police and the FBI are looking into Premier's finances. The Courant's Jenna Carlesso and Matthew Kauffman, in their own investigation, have found that hundreds of thousands of dollars were transferred to Premier and Black Diamond's leaders and the companies they control.

Sadly, Dillon Stadium still stands dilapidated, a symbol of the city's gullibility.

Baseball

As for the baseball stadium, the Hartford Stadium Authority issued a statement Monday saying the developer, Centerplan, and its affiliate, DoNo Hartford, "informed us that the ballpark may not be ready until late spring and there is a $10 million shortfall."

Centerplan CEO Robert Landino dispute the statement, saying the company expects to complete the stadium in time for the season opener in April, and that there is not a firm figure for the shortfall.

After signing a contract Feb. 4, Mr. Landino said Centerplan did not control the design of the project, as it expected to. Instead, the city oversaw preparation of the drawings, which envisioned a more expensive ballpark, he said. Despite cost-cutting, he said the budget is still in excess of the original $56 million committed to the project.

This is a problem because the city's approval restricts its funding to $56 million.

The stadium authority has asked for a construction schedule and financial information. Mayor-elect Bronin plans to meet with the principals to move the project ahead. One option might be to call on the expertise of the Capital Region Development Authority, which seems to avoid these kinds of problems in the projects it monitors.

___

(c)2015 The Hartford Courant (Hartford, Conn.)

Visit The Hartford Courant (Hartford, Conn.) at www.courant.com

Distributed by Tribune Content Agency, LLC.

Newer

U.S. Steel retirees may pay more for health insurance next year

Advisor News

  • Could a narrower focus help grow your practice?
  • U.S. debt hits $40 trillion: how to support concerned clients
  • Flourish brings private-bank-like cash solution to MassMutual’s network
  • Majority of Americans concerned recent market highs are unsustainable
  • GLP-1 users choose between medication and retirement saving
More Advisor News

Annuity News

  • MassMutual Expands Lending Options With New Secured Credit Line
  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
  • IMOs get frustrated with slow carrier adoption of faster technology
  • New class-action lawsuit targets Delaware Life over annuity disclosures
More Annuity News

Health/Employee Benefits News

  • Centene Corp. (NYSE: CNC) Hits New 52-Week Peak
  • Wipro Announces Results for the Quarter Ended September 30, 2026
  • Trump administration bars Pa. and other states from using federal funds on transgender youth care
  • State Health Plan loses bid to stop Atrium program, shifts Atrium to out-of-network tier
  • Capable and experienced
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • SBLI Lowers OmniTrak Term Rates and Expands Underwriting Flexibility
  • Open Enrollment Starts November 1: Tampa Broker Ryan Michalek Urges Families and the Self-Employed to Check 2027 Costs Before They Auto-Renew
  • MassMutual Expands Lending Options With New Secured Credit Line
  • AM Best Affirms Credit Ratings of Aflac Incorporated and Its Subsidiaries
  • AM Best Upgrades Credit Ratings of Dah Sing Insurance Company Limited
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.