Relevant:
- Florida `Dirt Bonds' Are Subject of Inquiry by IRS in Muni-Debt Probe
- Imploded: Premier Community Bank of the Emerald Coast, Crestview, Florida
- Imploded: Florida Community Bank, Immokalee, Florida
- Imploded: Cortez Community Bank, Brooksville, Florida
- Imploded: Royal Palm Bank of Florida, Naples, Florida
2011-09-28 — bloomberg.com
"Owners of more than $100 million of so-called dirt bonds sold by two Fiddler's Creek Community Development Districts heard in August that most of their debt payments will begin after those to other creditors of Fiddler's Creek LLC, the bankrupt builder of a 4,000-acre (1,600-hectare) community in Naples, on Florida's west coast."
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