Stuck on a golf course

Tuesday, January 04, 2005

Public officials in Anne Arundel County, Maryland are about to get a haircut: about $26 million to bail out a golf course.

It's a story of twisted public policy, a misguided state agency, and some slick lawyers. According to one public official, the county had been "duped by some city slicker lawyers...What they couldn't do by the front door, they did by the back door."

Read the sad tale of a county that got suckered. It's a cautionary tale of how you can risk your bond rating without knowing it.

posted by Ed Morrison |

Subscribe with Bloglines






Creative Commons License
This work is licensed under a Creative Commons License.
links
Google
The Web EDPro Weblog