Saying down economy deals abounded, Port Royal's dollar reserves drop 10%

Seven flags over Port Royal.

While the Town of Port Royal continues discussing a list of as much as $10 million in repairs and upgrades ahedĀ of a finalized deal for the selling and redevelopment of the old port, The Island Packet has posted a short report on a roughly 10% drop in the town's account balance.

In a nutshell, the town says it took advantage of good deals during a down economy for planned projects.

The Island Packet has the rundown; take a read here.