Buena Vista, VA fights ACA Financial Guaranty Corp for City Hall
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In an amusing story, the Wall Street Journal is reporting that Buena Vista, VA is fighting a big financial firm in New York (ACA Financial Guaranty Corp) for ownership of their city hall.
“A financial firm is fighting City Hall—and angling to take over the building itself.
Buena Vista, Va., borrowed $9.2 million through a bond offering in 2005 to refinance a municipal golf course. It pledged as collateral, of all things, its City Hall and police station.
