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$1-Bil Sugarloaf Mountain Mixed-Use Project Still Grounded

ORLANDO-After years of funding searches and government green-light requests, Central Florida's largest mixed-use venture now faces a ground-breaking deadline or it will lose its state-signed development order.

By Alex Finkelstein | Updated on September 18, 2000

ORLANDO-Surgarloaf Mountain stands 323 feet tall near Clermont–hardly a mountain at all by global standards, but in table-flat Central Florida, the site stands out like a beacon.

Now the estimated $1 billion commercial-residential venture planned for Surgarloaf for the past nine years may evaporate because the developers still aren’t ready to turn the first spade.

The project’s owners, the Price family and former banker Willoughby T. Cox Jr., are fighting to get a five-year extension on a mandatory state order for a Dec. 18 ground-breaking. Without the extension, the developers say they will have no other options but to walk away from the project for good.

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