[Advogado]

In an earlier post, I mentioned that the Orlando Sentinel seemed to have lost interest in the subject. I guess I was wrong. Kudos to Lauren Ritchie for reporting objectively on a subject that is complex, but of crucial interest to Villagers. Now, if the VHA and the Daily Sun would finally do the same.

One observation about the article: It does not make the point that the potential impact on residents arises from the following. The Center Districts warranted to the bondholders that the interest on the bonds would be tax free. If that turns out not to be the case, the bondholders will sue the Center Districts for breach of that warranty in order to recover the amount of the taxes that they have to pay. (Remember that the bonds are secured by the pledge of the amenity-fee income-- another complication for the amenities system.) If the bondholders prevail, as they presumably would, the Center Districts would then become financially unable to continue to furnish the amenities.

And what happens next? At that point, things really get complicated, but none of the scenarios are pretty. By the way, I hope that none of this comes to pass-- and it may well not.

In anticipation of the "love it or leave it" response to this kind of post, I like it here. I don't intend to sell and leave, but I also, unlike some other posters, I do not intend to ignore the facts in regard to this subject.