Sunday, December 06, 2009

CDD Developments In Tampa That Are In Trouble

These Tampa Bay developments have defaulted on repaying community development district bonds. Some will successfully renegotiate deals with bondholders. Others will fall further behind.

PINELLAS COUNTY

Clearwater Cay Club: $33.8 million

HILLSBOROUGH COUNTY

Highlands: $29.5 million
Heritage Isles: 8.8 million
Grand Hampton: $13.9 million
Live Oak Preserve No. 2: $27.3 million
K-Bar Ranch: $5.6 million
Cordoba Ranch: $10.2 million
Belmont: $30 million
South Bay: $57.4 million
South Fork East: $23.8 million
River Bend: $19.6 million
Palm River: $6.6 million
New Port Tampa Bay: $49.6 million
Oak Creek: $79.4 million
Cypress Creek of Hillsborough: $22.7 million

PASCO COUNTY

Bella Verde Golf Community: $10.6 million
Concord Station: $19.7 million
Chapel Creek: $27.5 million
Lakeshore Ranch: $10.7 million
Longleaf: $23.7 million
Country Walk: $13.6 million
Meadow Pointe IV: $28.7 million
Zephyr Ridge: $10.4 million
New River: $27.3 million
Riverwood Estates: $23 million

HERNANDO COUNTY

Spring Hill Killarney: $12.2 million
Sterling Hill: $47.3 million
Southern Hills Plantation: $12.4 million

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