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State Panel Urges Gov. Bush to Buy Cypress Gardens

ORLANDO-The governor and his Cabinet will vote on the acquisition of the 67-year-old, closed outdoor attraction Aug. 12. The appraised price of the 230-acre property in Winter Haven, FL is expected to come in at about $15 million.

By Alex Finkelstein | Updated on June 10, 2003

ORLANDO-A Florida land-acquisition committee has unanimously agreed that the shuttered, 67-year-old Cypress Gardens attraction in Winter Haven, FL should be preserved in its natural state and not be left for commercial development.

The panel is urging Gov. Jeb Bush and his Cabinet to buy the 230-acre property, 60 miles south of Downtown Orlando, for an undetermined price from a seven-member private investment group headed by former Anheuser-Bush executives Larry Maxwell and William Reynolds, and Mark Schreiber.

The park closed April 13 after dwindling attendance had plagued the attraction for the past several years. About 530 workers lost their jobs. The governor and his Cabinet are scheduled to vote on the acquisition Aug. 12.

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