Quote:
Originally Posted by Advogado
Very good summary of the situation and worthwhile reading for those members of this forum who are trying to understand the situation. It also supports the 2009 POA analysis of the potential risk to Villagers when the article points out that, if the bonds are taxable, the bondholders will presumably look to the Villages Center District for reimbursement of their taxes. If the District incurs this potentially huge liability, will the District be financially able to continue our amenity system?
|
That has been a concern of many throughout this whole boondoggle. The interest on $426,200,000 would be substantial.