One of the nation’s leading bond rating agencies warned Thursday that if the state of Florida doesn’t resolve a conflict over its decision to repeal Walt Disney World’s Reedy Creek Improvement District and its obligation to investors, the move could harm the financial standing of other Florida governments.
Fitch Ratings posted the alert late Thursday on its Fitch Wire website, nearly a week after Gov. Ron DeSantis signed into law the measure dissolving the special taxing district that governs Disney property by June 1, 2023.
The Reedy Creek Improvement District holds nearly $1 billion in bond debt, and last week Fitch issued a “negative watch” because of the uncertainty around how that debt will be paid and by whom.
The agency said the situation “reflects a unique and dynamic level of discord” and expects the state to “ultimately work with various stakeholders to resolve the uncertainty.”
But it also added a warning: “The failure to do so could alter our view of Florida’s commitment to preserve bondholder rights and weaken our view of the operating environment for Florida governments.”
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:test
You aren’t banned, you just keep trying to post a word or phrase that is banned.
I’m trying to post an article from Orlando Weekly explaining that Reedy Creek said Florida can’t dissolve the district without paying off all the debt. For some reason the link is forbidden.
Iss as it the one entitled “Disney says Florida can't dissolve special district without first paying off its outstanding debt“?
Yep
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:test
You aren’t banned, you just keep trying to post a word or phrase that is banned.
I’m trying to post an article from Orlando Weekly explaining that Reedy Creek said Florida can’t dissolve the district without paying off all the debt. For some reason the link is forbidden.
Iss as it the one entitled “Disney says Florida can't dissolve special district without first paying off its outstanding debt“?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:California weather is so much better than Florida. You're within driving distance of beautiful mountains and beaches and vineyards. If you're life is in California, politics in Florida is not the only reason why you wouldn't want to relocate.
I dunno.
Florida has an occasional hurricane and thunderstorms.
California has fires, floods, mudslides and earthquakes.
Florida also has a consistent supply of water.
Oh you mean the water with algae blooms? The water killing off manatees? And "occasional" hurricanes? Agree, if you mean, almost every year.
And condos collapsing into the sea.
You have have Florida. In 50'ish years, it'll be mostly under their putrid water tables.
You mean the fires where people can’t breath and have to escape their homes?
How about the homeless everywhere?
Taxes are also through the roof.
Both places suck
That's why no one is moving to either state and it's super cheap to buy a house
Are you high?? Florida's real estate market is INSANE.
It’s all relative. Palm Beach, Bal Harbor, Pine Crest, etc are expensive but over all Orlando, Tallahassee, Cape Coral, St Petersburg, etc are cheap.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:California weather is so much better than Florida. You're within driving distance of beautiful mountains and beaches and vineyards. If you're life is in California, politics in Florida is not the only reason why you wouldn't want to relocate.
I dunno.
Florida has an occasional hurricane and thunderstorms.
California has fires, floods, mudslides and earthquakes.
Florida also has a consistent supply of water.
Oh you mean the water with algae blooms? The water killing off manatees? And "occasional" hurricanes? Agree, if you mean, almost every year.
And condos collapsing into the sea.
You have have Florida. In 50'ish years, it'll be mostly under their putrid water tables.
You mean the fires where people can’t breath and have to escape their homes?
How about the homeless everywhere?
Taxes are also through the roof.
Both places suck
That's why no one is moving to either state and it's super cheap to buy a house
Are you high?? Florida's real estate market is INSANE.
It’s all relative. Palm Beach, Bal Harbor, Pine Crest, etc are expensive but over all Orlando, Tallahassee, Cape Coral, St Petersburg, etc are cheap.
Not anymore!
Anonymous wrote:Anonymous wrote:Anonymous wrote:test
You aren’t banned, you just keep trying to post a word or phrase that is banned.
I’m trying to post an article from Orlando Weekly explaining that Reedy Creek said Florida can’t dissolve the district without paying off all the debt. For some reason the link is forbidden.
Anonymous wrote:Anonymous wrote:test
You aren’t banned, you just keep trying to post a word or phrase that is banned.
Anonymous wrote:test
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:California weather is so much better than Florida. You're within driving distance of beautiful mountains and beaches and vineyards. If you're life is in California, politics in Florida is not the only reason why you wouldn't want to relocate.
I dunno.
Florida has an occasional hurricane and thunderstorms.
California has fires, floods, mudslides and earthquakes.
Florida also has a consistent supply of water.
Oh you mean the water with algae blooms? The water killing off manatees? And "occasional" hurricanes? Agree, if you mean, almost every year.
And condos collapsing into the sea.
You have have Florida. In 50'ish years, it'll be mostly under their putrid water tables.
You mean the fires where people can’t breath and have to escape their homes?
How about the homeless everywhere?
Taxes are also through the roof.
Both places suck
That's why no one is moving to either state and it's super cheap to buy a house
Are you high?? Florida's real estate market is INSANE.
It’s all relative. Palm Beach, Bal Harbor, Pine Crest, etc are expensive but over all Orlando, Tallahassee, Cape Coral, St Petersburg, etc are cheap.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:California weather is so much better than Florida. You're within driving distance of beautiful mountains and beaches and vineyards. If you're life is in California, politics in Florida is not the only reason why you wouldn't want to relocate.
I dunno.
Florida has an occasional hurricane and thunderstorms.
California has fires, floods, mudslides and earthquakes.
Florida also has a consistent supply of water.
Oh you mean the water with algae blooms? The water killing off manatees? And "occasional" hurricanes? Agree, if you mean, almost every year.
And condos collapsing into the sea.
You have have Florida. In 50'ish years, it'll be mostly under their putrid water tables.
You mean the fires where people can’t breath and have to escape their homes?
How about the homeless everywhere?
Taxes are also through the roof.
Both places suck
That's why no one is moving to either state and it's super cheap to buy a house
Are you high?? Florida's real estate market is INSANE.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:California weather is so much better than Florida. You're within driving distance of beautiful mountains and beaches and vineyards. If you're life is in California, politics in Florida is not the only reason why you wouldn't want to relocate.
I dunno.
Florida has an occasional hurricane and thunderstorms.
California has fires, floods, mudslides and earthquakes.
Florida also has a consistent supply of water.
Oh you mean the water with algae blooms? The water killing off manatees? And "occasional" hurricanes? Agree, if you mean, almost every year.
And condos collapsing into the sea.
You have have Florida. In 50'ish years, it'll be mostly under their putrid water tables.
You mean the fires where people can’t breath and have to escape their homes?
How about the homeless everywhere?
Taxes are also through the roof.
Both places suck
That's why no one is moving to either state and it's super cheap to buy a house
Are you high?? Florida's real estate market is INSANE.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:California weather is so much better than Florida. You're within driving distance of beautiful mountains and beaches and vineyards. If you're life is in California, politics in Florida is not the only reason why you wouldn't want to relocate.
I dunno.
Florida has an occasional hurricane and thunderstorms.
California has fires, floods, mudslides and earthquakes.
Florida also has a consistent supply of water.
Oh you mean the water with algae blooms? The water killing off manatees? And "occasional" hurricanes? Agree, if you mean, almost every year.
And condos collapsing into the sea.
You have have Florida. In 50'ish years, it'll be mostly under their putrid water tables.
You mean the fires where people can’t breath and have to escape their homes?
How about the homeless everywhere?
Taxes are also through the roof.
Both places suck
That's why no one is moving to either state and it's super cheap to buy a house
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:California weather is so much better than Florida. You're within driving distance of beautiful mountains and beaches and vineyards. If you're life is in California, politics in Florida is not the only reason why you wouldn't want to relocate.
I dunno.
Florida has an occasional hurricane and thunderstorms.
California has fires, floods, mudslides and earthquakes.
Florida also has a consistent supply of water.
Oh you mean the water with algae blooms? The water killing off manatees? And "occasional" hurricanes? Agree, if you mean, almost every year.
And condos collapsing into the sea.
You have have Florida. In 50'ish years, it'll be mostly under their putrid water tables.
You mean the fires where people can’t breath and have to escape their homes?
How about the homeless everywhere?
Taxes are also through the roof.
Both places suck
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:California weather is so much better than Florida. You're within driving distance of beautiful mountains and beaches and vineyards. If you're life is in California, politics in Florida is not the only reason why you wouldn't want to relocate.
I dunno.
Florida has an occasional hurricane and thunderstorms.
California has fires, floods, mudslides and earthquakes.
Florida also has a consistent supply of water.
Oh you mean the water with algae blooms? The water killing off manatees? And "occasional" hurricanes? Agree, if you mean, almost every year.
And condos collapsing into the sea.
You have have Florida. In 50'ish years, it'll be mostly under their putrid water tables.
You mean the fires where people can’t breath and have to escape their homes?
How about the homeless everywhere?
Taxes are also through the roof.