Team Pro Parks closes purchase of Visionland, bondholders sue Birmingham

Posted | Contributed by Jeff

VisionLand bondholders have sued the City of Birmingham, claiming the city failed to make its annual $1 million payment. The suit asks the city be ordered to pay the $1 million, plus interest from the due date of Oct. 15, and any other amounts that come due. The city's mayor's office says they have met their financial obligations.

Meanwhile, Team Pro Parks finished the purchase of the park for $5.25 million yesterday.

Read more from The Birmingham News.

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