ORLANDO-Orange County Property Appraiser Bill Donegan rules half of the 15-acre, five-month-old, for-profit attraction near Walt Disney World is a tourist venue and not a religious site. Instead of a $25,000 annual tax bill, the taxes will be $320,000. The park is preparing to sue the county.
ORLANDO-Orange County Chairman Rich Crotty asks prominent lawyer Egerton van den Berg to investigate fourth-phase construction mismanagement charges for a $48,000 fee while county comptroller Martha Haynie scouts for a national consultant to open a year-long audit on one of the costliest commercial public ventures ($750 million) in county annals.
GROVELAND, FL-Moose Look Holdings Ltd. of St. Kitts in the Caribbean bought the largest residence in Lake County (32,000 sf) on a 160-acre rural spread off County Road 565 for an undisclosed price estimated to be $6.4 million or $200 per sf.
ATLANTA-The world's largest supplier of electronic locking systems and one of the world's largest suppliers of closed-circuit television products and systems will be jointly producing custom-built surveillance systems for the hotel industry.
ORLANDO-The land in suburban Plymouth, FL, 20 miles northwest of Downtown, could be the next mega shopping center in an area with limited retail outlets, area brokers tell GlobeSt.com.
ORLANDO-The value of most closed movie houses is in the land, not in the physical structure, John M. Crossman, senior vice president/retail services director, Trammell Crow Co., tells GlobeSt.com. Demolition, in most locations, is probably more cost-effective than retrofitting, he says.
ATLANTA-Ruddick Corp., the Charlotte-based parent of the grocery chain, is also selling 12 other unprofitable locations in South Carolina. A buyer for those properties and the selling prices haven't been announced. Total square footage involved: 1.62 million.
ORLANDO-Although the Dallas-Fort Worth-Houston market has only experienced a half dozen movie house closings in the past 18 months, entrepreneurs in that area are recycling the structures into dinner theaters, furniture outlets and bookstores.
ORLANDO-The value of most closed movie houses is in the land, not in the physical structure, John M. Crossman, senior vice president/retail services director, Trammell Crow Co., tells GlobeSt.com. Demolition, in most locations, is probably more cost-effective than retrofitting, he says.
ATLANTA-The 300-acre, 1,100 megawatts Sugar Creek natural gas facility in West Terre Haute, IN will provide 300 construction jobs for four years and 25 highly-skilled permanent positions. The plant expects to be operating by June 2002
