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Category Archives: Municipal Financing
Double Bogey Borrowing
The Wall Street Journal reported that the town of Buena Vista, Virginia defaulted on bond payments for the local 18-hole golf course. The town of 6,500 people had grand visions in 2004 when it borrowed $9.2 million for the golf … Continue reading
Posted in Borrowing, Debt, Finance, Financial Planning, Money, Municipal Financing
Tagged borrower, borrowing, business, capital, credit, debt, Due Diligence, finance, Financial Planning, Golf course, leverage, loan, loans, money, Municipal Financing, stewardship
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Capital Sauce 