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 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.