[Dr Winston O Boogie jr]

Originally Posted by Goldwingnut

The bonds in question are for the commercial areas NOT the residential areas that the residents are paying the development bonds on when they purchase a home. The bonds and the operating expended (i.e legal fees) for the commercial areas are a separate business interest and do not directly affect the residents. Note here I said "directly" as there is indirect benefit. Having used tax free bonds lowers the cost of development in the commercial areas and attracts more and better merchants to our area, of which we all benefit.
Ask yourself this, could or would our government have done as much good for the people of TV and the surrounding areas had it received the amount of money in question? My observations of government spending would say no.
While few of us are privy to the balance sheet of TV (myself included), I am pretty confident that they are trying to make the best business decisions they can. Having taken the time to read quite a few of the publicly available documents out of personal curiosity, my opinion is that the volumes that've been written represent a mountain of money in legal fees that is likely coming to the point of diminishing returns for TV. The government will of course continue spend a dollar to collect a dime on this matter.
The resident's money is not at risk here, only the developer's. If you have a problem with the developer making a profit don't live here. Sell your house and move. When you do sell your house, every penny of profit you make on it be sure you give it to the responsible party for that profit, the developer, or at the very least give it to charity and don't forget to pay the IRS the taxes on the profits.

Excellent post. Good information.