home News forums Reviews Trade links

Go Back   The DVC Boards at MouseOwners.com - the place to talk DVC and Walt Disney World > JUST FOR FUN > Latest Disney (non-DVC-related) News & Rumors
 FAQ Calendar Search Today's Posts Mark Forums Read

 Notices

Reply
 
Thread Tools Display Modes

Old 04-29-2022, 12:07 PM   #201
OldHalfElf
One Bedroom
 
Join Date: Aug 2010
Posts: 298
Default

Well, FitchRatings had something to say yesterday:

https://www.fitchratings.com/researc...nty-28-04-2022

For those who want the elevator summary:

"Fitch's U.S. Tax-Supported Rating Criteria recognizes certain structural factors as a strength for all U.S. local governments, including significant, but not unlimited, autonomy and respect for property rights and bondholder security. In that context, the RCID dissolution bill is outside our baseline expectations for the sector, as it creates ambiguity around which entity or entities will ultimately repay bondholders, which carries adverse consequences for RCID's credit quality and was a significant factor in the Negative Watch." [Emphasis added.]

and

"Furthermore, the dissolution potentially impinges creditors' rights and may violate the state's covenant to bondholders under the RCID Enabling Act in that it will not limit or alter the right of the district to carry out various governmental services or to levy and collect taxes, fees and other charges. These risks have been highlighted in Fitch's ESG Relevance Score of '5', indicating high relevance to the rating, for Governance Structure for the RCID utilities revenue bonds and Rule of Law, Institutional & Regulatory Quality, Control of Corruption for the ad valorem tax bonds."

OldHalfElf is offline   Reply With Quote
Old 04-29-2022, 12:19 PM   #202
erikthewise
Add-on Aficionado
 
erikthewise's Avatar
 
Join Date: May 2006
Location: OH
Posts: 10,960
Default

Short Version: "Quit screwin' around with RCID"
__________________
Charter Member of OOO (Order Of the Oval)
erikthewise is online now   Reply With Quote
Old 05-06-2022, 10:56 AM   #203
CaptJacksFamily
Grand Villa
 
CaptJacksFamily's Avatar
 
Join Date: Nov 2008
Location: Fantasyland (Orlando)
Posts: 2,264
Default

Let the legal fun and games begin...

From the Orlando Sentinel, the article will be behind a paywall for many but you get the idea from the title.

"U.S. Senate candidate leads first lawsuit challenging dissolution of Disney World’s Reedy Creek"
__________________
- Richard
Mod 82
CaptJacksFamily is offline   Reply With Quote
Old 05-07-2022, 05:02 PM   #204
cali09
Grand Villa
 
cali09's Avatar
 
Join Date: Sep 2008
Location: SoCal
Posts: 1,061
Default

The Disney Dish podcast on May 2nd with Len Testa and Jim Hill covered this.

Search "The Disney Dish with Jim Hill - Episode 372: Why Florida’s attempt to dissolve the RCID is going to fail"
__________________
Deb

"to educate a person in mind and not in morals is to educate a menace to society"
Theodore Roosevelt
cali09 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 08:57 AM.

© MouseOwners. "MouseOwners" is a registered servicemark. This is an unofficial fan site and is not affiliated in any way with The Walt Disney Company, the Disney Vacation Club, Disney Vacation Development, or any of their affiliates or subsidiaries. All Disney images © The Walt Disney Company.
Powered by Forum Software