Talk of The Villages Florida - View Single Post - Developer IRS issues.
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Old 04-08-2013, 10:03 AM
justjim justjim is offline
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Default Bonds setup by State of Florida

Quote:
Originally Posted by mickey100 View Post
I agree, not nice to be snarky to newbies. And the Developer essentially is the Villages in that he controls and gets paid for everything from the media to real estate sales, to trash pick ups. He is most certainly the force behind the tax exempt bond offerings that are being investigated by the IRS, since he created the development districts in order to issue the bonds . There is an informative article in Business Week that offers more information: Billionaire Morse Behind Curtain at Villages - Businessweek
With all due respect, the Morse family did not setup the CDD'S, the State of Florida did to attract development. They go all the way back to The startup of Disney World. This is often overlooked.
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