Officials at Nashville, TN-based Dixie Stampede LLC say the Sept. 11, 2001 terrorist attacks delayed the opening of the Tennessee singer's planned $25 million, 128,000-sf, 1,200-seat attraction at 7950 Vineland Ave. in south Orlando, 10 minutes from the four million-sf Orange County Convention Center.
Parton's 15-year-old firm bought the site's 14 acres from an undisclosed seller for $3.4 million or $242,857 per acre ($5.58 per sf). Brokers dealing in land acquisitions in that tourist corridor told GlobeSt.com last September the closing price could be $7.32 million or $522,720 per acre ($12 per sf).
"That gives you an idea on land prices in that submarket since 9-11," a broker from a national commercial real estate house tells GlobeSt.com on condition of anonymity.
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