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Mariposa PID bonds face scrutiny after developer pullout
The High Desert Mariposa project faced a contentious bond plan with a $16 million issue backed by property taxes. Officials, underwriters, and feasibility experts reviewed the plan. a forbearance agreement seeks to hold taxes near 13 mills while High Desert surrenders unsold acreage to bondholders. Critics note high risk, misrepresented disclosures, and gaps in buyer awareness.
MENTIONED IN THIS ARTICLE
High Desert
Mariposa
Gordon
PID Board of Directors
First American Financial Advisors
Rob Burpo
Burpo
David Wheeler
City of Rio Rancho
James Palenick
Robert Anderson
City Fiscal Services Department
Richard Kristof
Lauda Medara
Jack Eichorn
PID
Rabin
Florida
City Public Improvement District Review Team
Wheelers
Lynn Wheeler
D.A. Davidson and Co
United States