A developer that had offered to make the residents of a Florida seaside community overnight millionaires has walked away from the deal after negotiations stalled.
"The would-be millionaires of Briny Breezes trailer park may have lost their big chance.
A developer who agreed in January to pay $510 million for the waterfront trailer park town canceled the deal Monday because of a dispute with the community, though the company promised to try to work out the differences."
"Ocean Land planned to turn the community of 488 trailers into about 900 multimillion-dollar condo units, a high-end marina and a 300-room luxury hotel. The proposal was scaled back from an earlier version, but Palm Beach County officials and area town leaders remained concerned about such a high-density development coming into the already cluttered coastline."
FULL STORY: $510 Million Trailer Park Deal Hits Wall

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.

Cuomo Is the Candidate of Both NIMBYs and Developers. What Gives?
In the New York City mayoral race, odd bedfellows align to preserve the housing status quo.

San Antonio and Austin are Fusing Into one Massive Megaregion
The region spanning the two central Texas cities is growing fast, posing challenges for local infrastructure and water supplies.

Charlottesville Temporarily Has No Zoning Code
A judge ordered the Virginia city to throw out its newly revised zoning code, leaving permitting for new development in legal limbo.

In California Battle of Housing vs. Environment, Housing Just Won
A new state law significantly limits the power of CEQA, an environmental review law that served as a powerful tool for blocking new development.
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