Article: Southeast Bond-Watch.(Southeast)

Byline: Shelly Sigo, Jim Watts

ALABAMA

Irondale Versus Trinity

Irondale, in eastern Jefferson County, last week filed a lawsuit against Trinity Medical Center, which backed out of a deal to build a new 424-bed hospital after the city sold $32.5 million of warrants to pay for incentives it offered to seal the deal.

The four-count suit seeks a trial by jury and alleges breach of contract and fraud, among others charges. The suit also said that the city has spent $20 million of the debt so far on various improvements and if Trinity does not build the hospital, "Irondale will not generate sufficient revenues to pay the debt service on its ...

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