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Article: BLUE SKY HASN'T HURT TOWN, LEADERS SAY BUILDING PROJECT BRINGS FINANCIAL PROBLEMS TO SOUTHERN SHORES.(LOCAL)
- Article from:
- The Virginian-Pilot (Norfolk, VA)
- Article date:
- October 3, 1997
- Author:
CopyrightCOPYRIGHT 1997 The Virginian Pilot-Ledger Star. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: PAUL SOUTH, STAFF WRITER
SOUTHERN SHORES -- Town leaders, in a municipal newsletter, have expressed regret for the financial problems caused by cost overruns in the Project Blue Sky building program.
But the newsletter, mailed to residents Thursday, also contends that the town is financially sound, although the town's reserve funds will be $200,000 to $250,000 less than expected in part because of the overruns.
Meanwhile, Diane Henderson, the interim town administrator, Thursday said the Town Council will vote Tuesday on a new interim administrator. It will consider John P. Smith, who served on an interim basis in Holden Beach, N.C., ...