A Good Deal Or 'Sweetheart' Deal?

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?

April 17, 2003, 2:00 PM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

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.

Thanks to Sheryl Stolzenberg

Thursday, April 17, 2003 in Sun-Sentinel


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