Ginn promised the $3 million to the Orange County School Board and Orange County commissioners promptly approved the developer's 1,700-acre project straddling State Road 417 near Boggy Creek and Wetherbee Roads and the Orange County-Osceola County boundary.
Ginn is making an extra contribution of $1,500 per house or apartment to help build a new 600-student elementary school at his development.
Ginn and two other developers will also be paying the district a total $8.5 million in advance impact fees which will give the board about $12.5 million, the cost of a new elementary school today.
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