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Coral Gables approves purchase of Valencia Avenue parcel for Salvador Park expansion over some commissioners' objections
Summary
The commission authorized purchase of 1031 Valencia Avenue for $3.1 million to expand Salvador Park. Three appraisals ran from $2.63M to $2.93M; two commissioners voted no, citing lack of transparency and concern about paying above appraised values.
The Coral Gables City Commission voted 3–2 on June 10 to approve a purchase-and-sale agreement for an undeveloped parcel at 1031 Valencia Avenue for $3.1 million, clearing the way for a future Salvador Park expansion.
What happened: The commission considered a negotiated agreement with the property trustee. Two city-independent appraisals listed values at roughly $2.63 million and $2.9 million, the seller’s appraisal was $2.8 million, and the negotiated purchase price was $3.1 million — about 18% above the lowest appraisal and roughly 6–7% above the average of the appraisals, Commissioner…
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