City and Ticats make settlement in Tim Hortons Field lawsuit official

Hamilton has officially announceda settlement in a multimillion-dollar legal dispute with theTiger-Cats about construction delays and months of problems at Tim Hortons Field Stadium, according to a media release from the city.

The announcement comes two weeks after sourcesconfirmed toCBCNews thata tentativedeal had been reached.

• City andTicatsreach tentative settlement in TimHortonsField stadium lawsuit
• 4 years later, Hamilton's Tim Hortons Field stadium still isn't finished

The settlement follows years ofconfidential negotiations that began in 2016 and clears the way for the possibility of a professional soccer team.

Most of thedetailsof the settlement are secret,according to a media release fromstaff. But the city confirmed it covers all claims from parties involved, including compensation to the Tiger-Cats for losses caused by problems with thestadium.

"As a result of the settlement, the city is on budget and has sufficient monies remaining to complete final works at the stadium," adds the city's statement.

This resolution concludes on a positive note a chapter in the city's history.- Fred Eisenberger, Hamilton Mayor

The legal dispute also included InfrastructureOntario, the 2015 Toronto Pan Am organizing committeeand the consortium that built the stadium.

The Ticats sued after the stadium opened months later than expected in 2014, forcingthe team to play elsewhere for part of the season. The stadium has struggled with malfunctions since then, and the city isstill doing repairs.

Mayor thanks settlement team

"Council and I are pleased with the details of this agreement, and with the work of our settlement team, the contractor, the Province of Ontario and the Hamilton Tiger-Cats," said Mayor Fred Eisenberger in a statement, adding the agreement was reached using only city lawyers.

"They worked hard and in good faith to achieve this resolution with no additional costs for the stadium passed on to Hamilton taxpayers."

Settlement opens to door for pro soccer

The mayor said the city continuesto do work on the stadium, including fixes to overhead speakers, leaks, lighting controls, audio and visual systems and "various mechanical systems throughout the stadium."

Eisenbergeradded "this resolution concludes on a positive note a chapter in the city's history," and called for people to focus on the positive aspects the stadium will bring to the city.

One of those positive aspects is the possibility of a professional soccer team.

The Ticatssigned a stadium lease with the city in 2014, that includedone-year rights for a pro soccer team that would be a founding member of the new Canadian Premier League.

But as the lawsuit dragged on, the citydecided it would nottalk pro soccer until the lawsuits over the stadium were settled.

• Ticatscan't bring pro soccer to Hamilton until lawsuits are settled: city

• Hamilton named a founding city for Canadian pro soccer league

On Thursday,Tiger Cats owner Bob Young also expressed satisfaction with the settlement and what it could mean for pro soccer in Hamilton.

In a statement that playedoff the mayor's end of a "chapter" metaphor, Youngsaid the deal allows the team to turn the page and begin working with the city on projects including the Grey Cup and making professional soccer a reality.

He described the stadium asan "outstanding facility" for the city that "produces one of the best fan and event experiences in North America."