ATLANTA -- Clayton County, Ga.'s decision last week to buy the proposed site of an Olympic volleyball stadium could further jeopardize validation of a revenue bond issue proposed to fund the venue, according to an opponent of the transaction.

Under a plan hammered together last month, the Clayton County Tourism Authority -- not the county -- had planned to buy a 79.4-acre water park directly from developer Ronnie Thornton for $4 million. The acquisition would have been funded through a $4.8 million bond issue sold by the authority, which would cover both the land purchase and construction of an 8,000-seat stadium.

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