TAMPA, FL-For Bill Edwards, it’s not about the money. And although the price he paid for BayWalk was not publicly disclosed, GlobeSt.com has learned that the 74,500-square-foot retail complex sold for $5.4 million. Colliers International listed the property for $8 million in March.
Edwards, a successful mortgage executive and music producer who is known for project turnarounds, isn’t in it for the money. He’s trying to spark a revival of Downtown St. Petersburg.
"At this stage in my life, I did not need to buy BayWalk," Edwards, 66, said in a published statement. "I'm using my money to create more jobs and revitalize this important downtown asset. I plan to create several hundreds of jobs which are greatly needed in our city. If enough of us reinvested and took a chance within our communities, we would go a long way toward solving the unemployment problem."
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