Except one of the bonds cannot be redeemed early, and based on the taxation rate authorized to Reedy Creek means the underlying terms of the bonds have been changed. The Florida state constitution apparently has strict limits on the state governments ability to interfere with contracts, and according to the article, that is also strongly held in previous Supreme Court cases.

This article is written by an attorney based in Florida. I think it’s probably reasonable to defer to their expertise, in this case. after all, they are an attorney with experience in the state - are you?