Davie Town Council proposes $5.5M purchase for rodeo parking expansion

During the Town of Davie Community Redevelopment Agency (CRA) meeting on February 5, 2025, significant discussions centered around the proposed purchase of a 1.3-acre parcel of land from Revest Capital Group. This property, located on the west side of Davie Road, is strategically positioned just north of the planned Frontier Square project and east of the Bergeron Rodeo Grounds and Arena.

The proposed acquisition comes with a price tag of $5.5 million, which breaks down to $5.3 million for the land and an additional $200,000 for its contents and materials. This valuation translates to approximately $4 million per acre, with the current site being utilized as a commercial center known as the Peninsular Building.

If the purchase is approved, the immediate plan involves demolishing the existing structure to repurpose the land for additional parking at the rodeo grounds. This move is particularly timely, as the ongoing construction of a new Town Hall on the former town hall campus is expected to reduce available parking for rodeo events until 2027. The new parking area is anticipated to provide an additional 150 spaces, which will be crucial for accommodating visitors during rodeo-related activities.

Looking ahead, the Town Council also discussed future plans for the property, which include combining it with adjacent parcels on Davie Road to create an additional two acres of green space. This initiative aligns with the town's broader goals of enhancing community facilities and improving public spaces.

The discussions at this meeting highlight the Town of Davie's commitment to addressing community needs, particularly in relation to recreational facilities and public infrastructure. As the council moves forward with these plans, the community can expect to see improvements that not only support local events but also contribute to the overall quality of life in Davie.