Quote:
Originally Posted by The Shadow
Community development districts in Lake and across Florida in financial crisis
First of two parts.
Across Florida, retirees are watching their communities crumble and their carefree lifestyles vanish as they become saddled with bonds and other debts bequeathed to them by dying developers. SNIP........
On Wednesday, we'll take a look at the six failing districts in Lake County.
http://www.orlandosentinel.com/news/...5258868.column
|
It is also true that the housing market in general is in financial crisis. How are CDD-communities doing relative to traditionally financed residential/ mixed-use developments?