Golf resort wants increased funding after significant losses

Penny Brown Roberts of the Baton Rouge Advocate used public records to show that "developers of a swanky Texas golf resort have burned through nearly $30 million in a line of credit from Louisiana's police retirement system and now say they need more money to make good on promised sales." The pension system has contributed nearly $27 million to the project, called Boot Ranch, but so far it has not seen any evidence that any houses have been built or memberships sold.