Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City council approves sale, development agreement for former News-Press site at MLK Boulevard
Summary
Council approved a $11,000,500 purchase and a related development agreement with Catalyst Community Development LLC to redevelop about 9.84 acres at Dr. Martin Luther King Jr. Boulevard and Fowler Street after public comment and limited debate.
The City of Fort Myers voted 6-1 on March 3 to approve a purchase and sale agreement and a separate development agreement with Catalyst Community Development LLC for the roughly 9.84-acre former News-Press site at 2442 and 2404 Dr. Martin Luther King Jr. Boulevard.
Catalyst will pay $11,000,500 for the parcels, and the development agreement establishes the process and approvals the company must secure before closing. Mayor Kevin Anderson called for the roll call vote after a public hearing that included residents and developers offering competing visions for the site.
The agreement gives the buyer a six-month due-diligence period followed by an 18-month development approval period, though Catalyst representatives said they would close sooner if approvals are…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
