'Exclusive' Auburn, Ala., Golf Community Defaults on $9.35 Million in Bonds

Sigo, Shelly
March 2001
Bond Buyer;03/23/2001, Vol. 335 Issue 31103, p29
Trade Publication
Reports that the Auburn, Alabama, golf course community has defaulted millions of dollars in revenue bonds. Factor attributed for the financial problems experienced by the University Club at Auburn which was managed by University Clubs of America; Public Park and Recreation Board of the City of Auburn's authorization of the issuance of tax-exempt revenue bonds and taxable revenue bonds in 1998.


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