Arbitration begins over Tom Hanks' Idaho 'money pit'

Arbitration begins over Tom Hanks' Idaho 'money pit'

Credit: AP

Arbitration begins over Tom Hanks' Idaho 'money pit'

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by Associated Press

NWCN.com

Posted on November 13, 2010 at 3:04 PM

Updated Saturday, Nov 13 at 5:37 PM

KETCHUM, Idaho -- Arbitration is under way in the dispute between actor Tom Hanks and his wife, Rita Wilson, and the architect they hired to build their $10 million home in Ketchum.
  
Hanks and Wilson are seeking $1.5 million in damages from Lake Flato Architects, based in San Antonio, Texas, in a breach of contract dispute. The hearing began Friday and is scheduled through Nov. 19.
  
In a separate case, Hanks and Wilson are seeking $1.5 million in damages from Storey Construction. They claim the contractor built their home with a series of defects, including a roof that leaked then nearly collapsed in 2002.
  
They say the home needed repairs 2008 to deal with damage from a previous winter.
  
Arbitration is often used to resolve disputes outside the courts and rulings can be upheld by judges.
 

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