Legal battle grows between Gainesville and company behind Gainesville Renewable Energy Center biomass plant.

Posted by Robyn, February 9, 2013

The legal battle continues to grow between the city of Gainesville and the company behind the Gainesville Renewable Energy Center biomass plant.

On Friday, GREC filed a counterclaim to Gainesville’s prior demand for arbitration. GREC’s counterclaim seeks unspecified monetary damages from the city.

In December, the City Commission filed for arbitration on the premise that the late 2011 sale of a 40 percent stake in the biomass plant, combined with the prior sale of a 17 percent stake, constituted a change of controlling interest that should have triggered the city’s contractual right of first offer to buy the plant.

via Legal battle grows between Gainesville and company behind Gainesville Renewable Energy Center biomass plant. | Gainesville.com.