Munis Tied to Utah Golf Development Warn of Potential Default

Wohali Land Estates, the developer behind a luxury golf course community project in Utah, anticipates it won’t be able to pay assessments coming due that have been pledged to municipal bonds sold in 2023, according to a regulatory filing published on the MSRB’s website on Sept. 11.

• In a separate regulatory filing, Wohali Land Estates filed a “anticipatory default” notice and said “it is anticipated that Wohali will not be able to meet it’s upcoming payment obligations”
• The Wohali Public Infrastructure District No. 1 sold $34 million of unrated municipal bonds in 2023 to fund infrastructure upgrades in connection ...