Thursday, August 13, 2009

Developers screw bond holders

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Belly-Up

What goes around comes around, says my friend Dori....

Overall, Developers have created over 500 Community Development Districts which issued Bonds worth $13 billion....51 are currently in default...

Tampa Bay On-Line

1 comment:

  1. At last workshop(to deny tax payers participation)Jack Simons, Realtor, brought in rich out of town developers for 6 affordable housing units and 146 unaffordable ones, for which he will earn a hefty commission. His rich developers asked for a $400.000.- gift towards building in our Park of Commerce, not Give-Back(called Dedication) as is customary. The reason:they are in a lottery for affordable Housing grants from the State.

    Has anybody verified the Lottery story?Where can we verify this, as it is our money?

    Evans promised to build LAS PALMAS(I kept the promised concept) multi use Condos if sold our 1st Union bank for way below market value. Where are they? He got our inside and outside marble clad,($1.400.000._) future new City Hall,raised it immediately to the ground and put the lot up for sale for many millions.Lake Worth Citizens, paid $300.000 over what he gave for it, way below market value.Romano's deal.

    Our 9000 Seniors needed $50.000 to buy a vehicle to transport them to food stores and pharmacies, and were summarily denied.

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