Myrtle Beach, S.C., Officials Plan $46 Million Sale for Hotel Default

DeSue, Tedra
April 2004
Bond Buyer;4/14/2004, Vol. 348 Issue 31862, p1
Trade Publication
Reports on the efforts of finance officials to raise funds to buy out investors who own bonds issued to build a convention center hotel in Myrtle Beach, South Carolina. Sale of revenue bonds; Failure of the hotel to meet revenue expectations; Move of the officials to tap the debt service reserve fund to make the bond payment.


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