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Commissioners authorize negotiations for purchase of airport flight-school buildings; appraisal cited at $8–10M
Summary
Board directed staff to negotiate purchase of buildings at Treasure Coast International Airport, with conditions limiting spending without further board approval; appraisal range and potential due-diligence costs discussed.
St. Lucie County commissioners on July 22 authorized staff to negotiate for purchase of buildings used by a flight school at Treasure Coast International Airport and to pursue terms that would preserve the county’s options, including a condition that staff not spend acquisition or due-diligence funds without returning to the board. The buildings in question sit on airport land owned by the county. The county’s presentation said appraisals put the current “as-is” value in the $8 million…
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