One (not all) of the agencies rating Winter Park municipal bonds recently downgraded our debt. Why? Why? Because Mayor David Strong and his friends insisted that the developers of the former post office redevelopment project be “made whole” (David Strong’s words) at the expense of Winter Park taxpayers. When David Strong and his friends achieved their goal of denying final approval for the post office redevelopment in 2007 he exposed the city to $25,000,000 in liability (according to the litigation attorney hired by the city to defend the city in a law suit brought by the investors). The city was…
Commentary by Pete Weldon
