NAPLES, FL-Armed with a potential new source of funding, Collier County officials recently ordered independent appraisals on the last privately owned parcel of land in the 342-acre Barefoot Beach Preserve.

County administrative staff may recommend later this month a proposal to bid on the 1.75-acre outparcel, quite possibly at premium prices. It also is possible county staff could raise the issue of taking an eminent domain action on the property, if the argument can be made the parcel is that valuable of an addition to the public trust.

“We are securing the appraisals for review by the county commissioners for any further decision concerning the potential acquisition of the parcel,” Collier County Attorney David C. Weigel tells GlobeSt.com.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.