[spk7951]

I thought the following item in the Orlando Sentinel today was a bit interesting in light of the issues The Villages is facing with the IRS. There must be something in this that I am missing.


"Reedy Creek plans to sell up to $360M in tax-exempt, property-tax-backed bonds to finance upgrades at Downtown Disney, to be revamped as Disney Springs, shown in a rendering above. (Walt Disney Co.)"

[Bavarian]

Originally Posted by spk7951

I thought the following item in the Orlando Sentinel today was a bit interesting in light of the issues The Villages is facing with the IRS. There must be something in this that I am missing.


"Reedy Creek plans to sell up to $360M in tax-exempt, property-tax-backed bonds to finance upgrades at Downtown Disney, to be revamped as Disney Springs, shown in a rendering above. (Walt Disney Co.)"

What is interest rate and term. Are they subject to AMT? May be a good investment.

I hazard a guess that the key is paid by property taxes whereas Villages bonds are separate, just a guess.