Ind. town scrutinizes performance bonds for unfinished developments

Merrillville, Ind., ran into trouble earlier this year when a developer working on a subdivision project did not complete the work because of financial issues. A surety bond for the project was insufficient to cover the cost of the remaining road work, an official said. As a result, the town is investigating the status of performance bonds on other projects.

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Times (Munster-Hammond-Merrillville-Valparaiso, Ind.), The

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