Pharell Williams, Grammy-winning singer and producer, pitched his idea for a surf park in his hometown of Virginia Beach, Virginia in 2017. Now there’s a bit of action on the long-awaited project.
- Why does the article explain that this is an important deal to watch?
- How big is the surf park and what is it called?
- What type of bonds are being sold to finance the deal?
Smith, A.N. (2023) Pharrell Williams-Backed Surf Park to Tap $121 Million of Bonds. The Washington Post, Jan. 31 (Retrievable online at https://www.washingtonpost.com/business/on-small-business/pharrell-williams-backed-surf-park-to-tap-121-million-of-bonds/2023/01/27/dc6b7184-9e6b-11ed-93e0-38551e88239c_story.html)