Contractors are Still Unpaid
The Shreveport Times reports that subcontractors to Whitaker Construction are still owed in excess of $1.4 million for their work on the expansion of the Independence Bowl in 2001. The City of Shreveport plans to appeal a jury verdict awarding their general contractor, Whitaker Construction, $764,000 for additional work that the was performed by contractors on the stadium outside the scope of the contract.
Accordingly, until the matter is finally resolved, the subcontractors have not been paid by the city or the bonding company responsible for satisfying their liens on the Independence Bowl. The contractors will be lucky to get pennies on the dollar,"
Shreveport City Council Chairman Mike Gibson said. "The attorneys are the ones who are going to make a bunch of money."
Posted by AJR at February 9, 2005 07:46 AM