Talk of The Villages Florida - View Single Post - IRS resets bond challenge.
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Old 05-22-2012, 07:48 AM
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Quote:
Originally Posted by Advogado View Post
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.
To be fair, Counselor, the will SHOULD be changed to a WOULD.

And please don't forget the IF, those who read the above.
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