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City May Lose Police HQ Over Golf Course Bill
Associated Press
May 28, 2010
BUENA VISTA, Va. – The city of Buena Vista doesn’t have the money to make a payment due on its golf course and faces losing the course, its municipal building and police station that were used as collateral.
The Rockbridge County community issued $9.2 million in bonds in 2005 to finance the golf course’s construction. Last week the City Council decided it couldn’t make a $660,000 payment due in July.
City Attorney Brian Kearney says so far he’s had no luck in negotiations with a Maryland-based insurer over restructuring the financing.
Richmond attorney Bonnie France, who represents ACA Financial, says it’s too early to speculate what will happen if the payment can’t be made.
Vice Mayor Samuel Mays says the golf course was a good idea when first envisioned but has lost money since it opened.
Information from: The Roanoke Times, http://www.roanoketimes.com
(Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Ahi
almost 3 years ago
1990 Comments
wow...
fletc
almost 3 years ago
182 Comments
WTF?!
LCarvin
almost 3 years ago
1222 Comments
Well, it's nice to know where your law enforcement ranks on the food chain....brain trusts!
AKangel
almost 3 years ago
4824 Comments
DANG! That is crazy bartering with the department of safety.. WHAT THE?
nightwatch
almost 3 years ago
356 Comments
yeah, that is ridiculous, using your PD for collateral to build a stupid Golf course, those politicians need to be removed.
clobster
almost 3 years ago
1552 Comments
Wow. I'm glad that isn't my city council.
talgwiez
almost 3 years ago
118 Comments
what?? are these people serious ?? it was better to have putr that kind of thing in there house
CAZ
almost 3 years ago
1428 Comments
This is not a problem at all just start taking the salary of the Mayor and City Counsil to make the payment on the golf course. I feel a recall of the Mayor and City Counsil should be done.
Roboco33 how much do you think the political boys and girls pay for green fees???
s3sk
almost 3 years ago
3308 Comments
that's wonderful.
Robocop33
almost 3 years ago
14344 Comments
Oh great idea! Put up the police department as collateral for a damn golf course! Anyone want to bet the polititians and their buddies play golf?
mack77
almost 3 years ago
70 Comments
wth
Redlight
almost 3 years ago
1264 Comments
what kind of golf course is that!!
3William30
almost 3 years ago
104 Comments
Okay, I understand wanting to build a golf course in the community. It definitely has the potential to bring a lot of business to the area and maybe even boost property values... but using the police station and municipal building as collateral when it starts to go under? Geez... I hope the people behind THIS decision are there playing 18 holes every friggin' day!!!!
alexy
almost 3 years ago
3970 Comments
a Golf course?.......
SuzanneNGa
almost 3 years ago
16618 Comments
Gary, some idiot politician was the mastermind! Grrrrrrr this gets my blood boiling!