The firm paid $1.2 million or 40 cents per sf for the land from an undisclosed seller the same day it sold the dirt to the county for $2.45 per sf--a $6 million profit or a return on investment of 500%.
Melbourne, a space industry hub, is 50 miles south of Downtown Orlando.
Commissioners couldn't be reached at GlobeSt.com's publication deadline. But Commissioner Randy O'Brien tells Orlando Sentinel, "Something stinks. I feel we were snookered. I'm just not sure by who."
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