Insurance Settlement OK’d for Montana Arena Rebuild

Yellowstone County commissioners have approved the final insurance settlement for the Rimrock Auto Arena at MetraPark, which was severely damaged by a tornado last summer.

The Billings Gazette reports the commission approved the $28.3 million settlement with insurer Affiliated FM on Tuesday. The insurance company has already paid $21.5 million toward the claim.

A tornado with winds up to 120 mph touched down on top of the arena June 20. It was the first large tornado to hit Billings in more than a half-century, and it tore off the arena’s roof, damaged hundreds of homes and businesses and scattered debris across the city.

In addition to the insurance money, the county is spending about $6.5 million of its own money on improvements for the rebuilt arena, which will hold a grand re-opening June 19.