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County approves major deal for new industrial park

October 16, 2024 | St. Lucie County, Florida


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

County approves major deal for new industrial park
In a recent government meeting, discussions centered on environmental conservation and economic development initiatives in Saint Lucie County. A representative for a development applicant emphasized the importance of minimizing crossovers to protect local wetlands, highlighting past flooding issues in Port Saint Lucie that stemmed from inadequate legislation regarding wetland preservation. The representative expressed concerns about potential dune access to the ocean, advocating for measures to prevent damage to the dunes, which are crucial for coastal protection.

The meeting also addressed an option agreement with Ashley Capital, the sole respondent to a 2022 request for proposals aimed at revitalizing a research park originally developed in the early 2000s. The county aims to transform approximately 111 acres into a Class A light industrial and office park, which is expected to generate high-wage jobs for the community. The proposed deal, valued at just under $8.4 million, includes provisions for the county to receive 50% of any future sale profits after a specified period.

County officials expressed confidence in Ashley Capital's commitment to the project, noting that the agreement would allow time for necessary approvals while ensuring the county's interests are protected. The meeting concluded with a recommendation for approval of the agreement, setting the stage for future developments that could significantly impact the local economy and environment.

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