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Buena Vista’s golf course to close as city reaches settlement years after defaulting on $9 million loan
Read full article: Buena Vista’s golf course to close as city reaches settlement years after defaulting on $9 million loanAfter years of legal battles surrounding Buena Vista’s golf course, the course will now close next month.
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Insurance company may not foreclose on buildings used as collateral for Buena Vista golf course
Read full article: Insurance company may not foreclose on buildings used as collateral for Buena Vista golf courseBUENA VISTA (WSLS10) The battle of the Vista Links golf course in Buena Vista heats up. ACA Guaranty Corp., the insurance company at the center of the deal, says it doesn't want the collateral the city pledged if it can't pay back the bonds. The collateral includes Buena Vista's municipal building and police station. After a year of covering the city's payments, ACA Financial Guaranty Corporation said Buena Vista is now capable of paying its bill. Kearney said even though the police and municipal buildings were put up for collateral to finance the golf course, the ACA will not foreclose on them because the company wants money, not the buildings.