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Davie CRA approves $5.5 million purchase of 1.3-acre parcel for rodeo parking and future green space
Summary
The Town of Davie Community Redevelopment Agency unanimously approved a $5.5 million purchase from ReVest Capital Group LLC for a 1.3-acre parcel on Davie Road to provide interim rodeo parking during Town Hall construction and later expand open space adjacent to the Bergeron Rodeo Grounds and Town Hall campus.
The Town of Davie Community Redevelopment Agency voted unanimously to approve a purchase-and-sale agreement with ReVest Capital Group LLC for a 1.3-acre parcel (real property no. 50412705007O) for $5,500,000. The vote came after a presentation by Philip Holstee, the CRA director, who described interim and long-term plans for the site.
Philip Holstee, CRA director, told the board the purchase price is broken down into $5,300,000 for the land and $200,000 for contents and materials, which he said equates to…
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