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Westport-based developer sues New London over failed project

NEW LONDON, Conn. (AP) A Westport-based developer has filed suit against the city of New London and the Renaissance City Development Association alleging breach of contract.

The Day reports River Bank Construction Limited Liability Company filed the lawsuit to attempt to recover more than $2 million the company claims it spent in developing plans, obtaining permits and approvals for their Village on the Green project in 2013.

The 104-unit residential development never materialized after the RCDA refused to turn over about 6-and-a-half acres of land designated for the $20 million project following a dispute over financing.

River Bank owners Irwin and Robert Stillman claim they were prepared to self-finance, but the RCDA ``added terms and conditions not contained in the Development Agreement.''

Attorneys representing the city and RCDA declined to comment on pending litigation.