Directors of the Bath Country Club have failed to meet the first of three $100,0

Authors

Source

Portland Press Herald

Date

1-3-1994

Pages

1A, 8A

Abstract

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.

Subjects

Bath Country Club, Country Clubs

Recommended Citation

"Directors of the Bath Country Club have failed to meet the first of three $100,0" (1994). Maine News Index – Portland Press Herald. 10792.
https://digitalcommons.portlandlibrary.com/news_pph/10792