Kalahari scores tax-exempt $25 million bond issue in Virginia

Posted | Contributed by Jeff

A Wisconsin-based firm's plan to open a large water park resort in Virginia has received a big boost through a $25 million tax-exempt bond issue. Kalahari Resorts, based in Lake Delton, last year delayed its plans for a $260 million project near Fredericksburg, Va., after the recession made it difficult to obtain financing. But the project is now closer to being done after a state agency approved the bond sale

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