Quote:
Originally Posted by Stu from NYC
We all think that the developer is flush with funds and is in great financial condition.
However we really have no idea how solid they are.
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Much of that information is contained in the bond documents issued by the developer when the rec centers and executive golf courses are sold to a chapter 190 entity also controlled by the developer. At one time those bond documents were public and were used to place the developer’s family on the rich list. They are now hidden from public view.