The Gas House Gang

News, Notes and Historical Information on the St. Louis Cardinals

[powered by WordPress.]

February 6, 2006

Cardinals Rebut False Insurance Claim

by @ 3:47 am. Filed under Uncategorized

Cardinals president Mark Lamping defended the Cardinals on Thursday, saying that the insurance claim they filed for the environmental cleanup costs on the site of New Busch Stadium was a valid one.  I wrote late last week about how Greenwich Insurance Co. was denying the claim because they feel past studies were performed on the site and they showed the Cardinals knew there was contamination prior to taking out the policy.  Greenwich is also saying that the Cards didn’t inform the insurance company that they were going to build a new stadium on the site.

Also in the column, it clarifies that the claim is only for $7.5 million, not the $14 million originally reports.  The actual cleanup costs were $14 million, but the Cardinals got some of the back through brownfield tax credits.

Leave a Reply

[powered by WordPress.]

Cardinals Resources

Baseball Historians

Minor League Blogs

GetMeIn.com

1926 St. Louis Cardinals

Cardinals links:

Baseball Links

internal links:

categories:

search blog:

archives:

other:

28 queries. 0.622 seconds