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Lowell condo owners win $1.4M in lawsuit
LOWELL — The owners of condominiums built on the contaminated site of a former city dump on Willard Street are poised to collectively receive more than $1.4 million from the city.
A Lowell Superior Court jury ruled that the city is responsible for $1,419,550 in environmental damages for the 36 current and former owners of the Grand Manor Condominium Association.
In addition to these damages, the owners are also set to receive substantial interest — 12 percent of the $1.4 million, which is $170,346, multiplied by five years for the lawsuit’s duration. That’s estimated at $851,730 in total interest.
Between the environmental damages and interest, the city could soon have a hefty legal bill in excess of $2 million, pending an appeal.
In 2016, the city thought it was in the clear when it won the lawsuit filed by the condo owners. The jury then determined the three-year statute of limitations for claims in the case had expired.
But earlier this year, the Supreme Judicial Court overturned that judgment, reviving the lawsuit.
Attorney Brian Hurley, who with Stacie Kosinski represents the Grand Manor Condominium Association, said the owners were “very happy” with the jury verdict last month.
“The jury in the case carefully analyzed the evidence presented to them, and arrived at what they thought was a fair and just amount,” Hurley said.
The owners were seeking damages north of $2 million.READ MORE
Source:http://www.lowellsun.com/
