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A Good Deal Or 'Sweetheart' Deal?

Posted by: Abhijeet Chavan
Thanks to: Sheryl Stolzenberg
17 April 2003 - 2:00pm

Is the deal involving a 1,000-car parking garage at the beach, built at no cost to the city and the developer of proposed 1 million square foot high rise condo in Fort Lauderdale a sweetheart deal?

For a net gain of 471 parking spots on city property now containing 574 spaces, along with some city office space and a public promenade, the city would give up the land for 200 years, at no cost to the developer. The developer would be allowed to build one of the largest developments on the beach, and, in a new feature of the deal, the city would write the developer a check for $3 million.

Full Story: Some residents say Fort Lauderdale giving away too much in condo deal
Source: Sun-Sentinel, April 17, 2003
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Under the proposal, the government would assign the populace the task of counting and mapping dog droppings as a first step to greater penalties for owners who fail to clean up after their mutts.
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