Directors of the Bath Country Club have failed to meet the first of three $100,0
Directors of the Bath Country Club have failed to meet the first of three $100,000 interest payments on a $1.3 million loan that the city of Bath borrowed on their behalf. The club embarked on a plan to expand the 9-hole course to 18 holes in 1992, but financial difficulties resulted in a city-sponsored bailout. Uner the terms of the bailout agreement, the club agreed to reorganize its management structure, pay the interest on the city's loan and set aside $300,000 in an escrow account. Details.
Bath Country Club, Country Clubs
"Directors of the Bath Country Club have failed to meet the first of three $100,0" (1994). Maine News Index – Portland Press Herald. 10792.
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