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From The PNJ
ECUA Executive Director Steve Sorrell says before the property can be put on the open market test wells must be sunk and the groundwater tested.
For the property to be cleared for sale by the Florida Department of Environmental Protection, the groundwater must be free of contaminates for two, back-to-back three month periods.
Once that environmental hurdle is cleared, the property can be either sold to the highest bidder or traded to another governmental entity for something of equal value.
It’s no secret the City of Pensacola wants the property, and it’s no secret ECUA– at least the majority of its five member board– wants to swap the land for the city’s garbage service.
That deal, Sorrell says, would be a “win-win” for both, giving the city land to develop through its Communityh Redevelopment Agency, and incorporate a service (refused collection) the ECUA already has the infrastructure and equipment to handle.
It appears the City is going to have to make ECUA a deal it can’t refuse. (Translation. Give the garbage service away for nothing)Sorrell said he has had conversations with at least five investors who are interested in the land.
Current estimates of the dollar value of the 19 acres are in the $8 million range.
City officials have been coy publicly about whether the proposed land/garbage service swap is viable, but there’s little doubt behind the scens the city is anxious to acquire the land.
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From The PNJ
ECUA Executive Director Steve Sorrell says before the property can be put on the open market test wells must be sunk and the groundwater tested.
For the property to be cleared for sale by the Florida Department of Environmental Protection, the groundwater must be free of contaminates for two, back-to-back three month periods.
Once that environmental hurdle is cleared, the property can be either sold to the highest bidder or traded to another governmental entity for something of equal value.
It’s no secret the City of Pensacola wants the property, and it’s no secret ECUA– at least the majority of its five member board– wants to swap the land for the city’s garbage service.
That deal, Sorrell says, would be a “win-win” for both, giving the city land to develop through its Communityh Redevelopment Agency, and incorporate a service (refused collection) the ECUA already has the infrastructure and equipment to handle.
It appears the City is going to have to make ECUA a deal it can’t refuse. (Translation. Give the garbage service away for nothing)Sorrell said he has had conversations with at least five investors who are interested in the land.
Current estimates of the dollar value of the 19 acres are in the $8 million range.
City officials have been coy publicly about whether the proposed land/garbage service swap is viable, but there’s little doubt behind the scens the city is anxious to acquire the land.
This entry was posted in Uncategorized. Bookmark the permalink.
← Pen Air going slow with downtown move
Last edited by hallmarkgrad on 10/11/2012, 11:50 am; edited 1 time in total