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CRA approves $5.5 million purchase of 914 Fern Street to enable Fern Street extension
Summary
The West Palm Beach Community Redevelopment Agency voted unanimously March 3 to buy 914 Fern Street for $5,500,000 to allow a planned Fern Street extension across railroad tracks, a project officials say will relieve peak-hour traffic and support downtown redevelopment.
The West Palm Beach Community Redevelopment Agency on March 3 approved a $5,500,000 purchase of 914 Fern Street to enable a planned extension of Fern Street across the SFRTA/FDOT railroad tracks.
CRA Executive Director Chris Rook told the board the roughly 12,000-square-foot parcel includes an existing warehouse and parking area and is owned by a family investment company. Rook said the purchase price was negotiated using appraisals and recent transactions in the downtown master-plan area and was set at a level that would incentivize the seller to sell for the road project.
Kevin Walbrecht, the city’s Director of Engineering, said the Fern Street crossing is expected to increase transit capacity and spur redevelopment east…
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