Quote:
Originally Posted by janmcn
It will get very interesting when the developer starts selling off all the amenities south of 466, as this will involve tens (perhaps hundreds) of millions of dollars. Hopefully, both parties (Morse and CDD) have learned from their mistakes and won't use tax-free bonds to finance them.
It was reported on another thread that Morse won't transfer these assets until the IRS investigation ends. Who knows if that's true or not.
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I believe the tax free bonds were issued to fund the infrastructure, roads, sewers, etc.