Talk of The Villages Florida - View Single Post - IRS resets bond challenge.
Thread: IRS resets bond challenge.
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Old 05-22-2012, 06:07 AM
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Quote:
Originally Posted by Pturner View Post
Hi rp,
I think a clear-cut answer has not been provided because one does not exist. It would be similar to asking the impacts of a proposed bill or upcoming Supreme Court ruling, before the bill or ruling is written. Answers are necessarily speculative.
Exactly, but in a nutshell, as explained in the POA article that I cited above, the following is the RISK to Villagers: If an IRS victory imposes huge costs on the Center Districts, the Center Districts. (which own the amenity facilities not still owned by the Developer) will not have sufficient funds to continue to provide the amenities promised us by the Developer.