Mulligan, Virginia: A Variation on the Stadium Scam 0
The small city of Buena Vista, out on the other side of the state, thought a new shiny municipal golf course would solve all its problems. It didn’t, so the city took a drop.
Then, in December 2014, the city council voted to stop making payments, which left ACA (ACA Financial Guaranty Corp–ed.) holding the bag.
Try just stop paying your taxes. By the by, ACA is suing.
Afterthought:
I have a suspicion that, until the editor got hold of it, the last sentence of the excerpt above included the word “golf” before the word “bag.” If it didn’t, it should have.
