The bond was already made. The amount owed is what's being calculated thanks to Disney's inhouse credit default swaps. Disney is a braindead corpse on lifesupport. This was shifting of that burden.
The liability of bond debt from an improvement district to a county, which had no say on its issuance, is very likely challengeable in court. I suspect that Orange and Osceola county will succeed in leaving RCID's creditors holding the bag.
That being said, Orange and Osceola are blue counties. I see no reason why red Florida man would care what happens to them.
The bond was already made. The amount owed is what's being calculated thanks to Disney's inhouse credit default swaps. Disney is a braindead corpse on lifesupport. This was shifting of that burden.
The liability of bond debt from an improvement district to a county, which had no say on its issuance, is very likely challengeable in court. I suspect that Orange and Osceola county will succeed in leaving RCID's creditors holding the bag.
That being said, Orange and Osceola are blue counties. I see no reason why red Florida man would care what happens to them.
Courts have been siding with the bond holders.