County Reviews Bug Tussel Bond Loan Default
Marathon CountyCounty · Wausau, WI- Disclosed value
- $70,000,000 taxable revenue bonds
- From agenda
- Document date
- Nov 14, 2026
The 30-second brief
Marathon County is reviewing ongoing financing obligations involving Bug Tussel 1, LLC under a 2021 loan agreement supporting $70 million in taxable revenue bonds. Notices report payment defaults and require replenishment of debt-service reserve funds, including a $347,409.01 pro rata demand against Marathon County under its guaranty.
Bug Tussel 1 LLC holds this financial services contract with Marathon County. Its other public contracts on record include work for Oconto County.
Term as filed: Loan Agreement dated December 1, 2021; repayment and bond obligations remain ongoing.
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Contract details
- Contract type
- Financial Services
- Amount
- $70,000,000 taxable revenue bonds
- Document date
- November 14, 2026
- Term
- Loan Agreement dated December 1, 2021; repayment and bond obligations remain ongoing
- Vendor
- Bug Tussel 1 LLC
- Agency
- Marathon County
- Source document
- Marathon County Agenda Special Meeting 2026-11-17 (Agenda)
Bug Tussel 1 LLC's other public contracts
More Marathon County contracts
Questions about this contract
Who was awarded the financial services contract by Marathon County?
Bug Tussel 1 LLC was awarded this financial services contract by Marathon County, as recorded on November 14, 2026. The contract value is $70,000,000 taxable revenue bonds.
How much is the Bug Tussel 1 LLC contract with Marathon County worth?
The Bug Tussel 1 LLC contract with Marathon County is valued at $70,000,000 taxable revenue bonds, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Marathon County Agenda Special Meeting 2026-11-17 (Agenda), dated November 14, 2026 from Marathon County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bug Tussel 1 LLC hold?
Bug Tussel 1 LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Marathon County currently buying?
Explore Marathon County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
