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Central Alberta town faces uncertain future as it drowns in debt and faces potential insolvency
The central Alberta community of Gibbons’ status as a town hangs in the balance as a series of bad financial decisions have jeopardized its future and left it hurtling towards insolvency, according to the town’s mayor and council. Town officials, including interim chief administrative officer Tim Duhamel, presented information about the town’s financial situation to Sturgeon County’s mayor and council on Tuesday morning. [...]