Austin Bergstrom Landhost Enterprises, Inc. (ABLE), a non-profit public facilities corporation acting as an instrumentality of the City of Austin to operate the Hilton Austin Airport Hotel, issued bonds to finance the conversion of the Air Force administration building at Bergstrom Airforce Base into a full-service hotel as part of the transfer to the base from military to civilian use. For a variety of reasons, ABLE defaulted on the bonds and remained in default for an extended period of time.
Austin Bergstrom Landhost Enterprises, Inc.
