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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 roughly $4 million per acre for the land component. “If we proceed with the purchase and sale agreement, if it's approved tonight, we would proceed with demoing the property and then we would use it for additional rodeo ground parking,” Holstee said. He estimated the site would provide about 100 to 150 additional parking spaces for rodeo-related events while the Town constructs a new Town Hall, a temporary condition he said would extend through 2027.
Holstee described the parcel as located on the west side of Davie Road just north of the Frontier Square project and immediately east of the Bergeron Rodeo Grounds and Arena. He said combining the newly acquired 1.3 acres with a nearby CRA parcel purchased from Prestige Maintenance in 2023 (about two-thirds of an acre) would create roughly 2 acres of additional green and open space adjacent to the Town Hall and rodeo campus. He listed possible interim and activation uses including temporary art installations along Davie Road, festival space and food trucks.
The resolution approving the agreement was read into the record by a member of the board and then put to a roll-call vote. Chair Paul, Board Member Whitman, Board Member Starkey, Board Member Hatten and Vice Chair Lewis all voted yes on the motion; the motion passed. The public hearing on the item drew no speakers.
The board also approved by voice vote a request to schedule a CRA meeting on Feb. 19; that motion passed unanimously. The CRA director concluded the presentation after board questions and the meeting adjourned.
