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 , , , , , , , , , , , , , , ,