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Council committee postpones Interline property purchase/swap; appraisal variance prompts more review
Summary
Committee members postponed a decision on whether the city should buy the Interline building or pursue a land swap tied to a University of Florida expansion, citing sharply different appraisals; the committee raised a purchase ceiling to $8 million and asked for a third appraisal review on March 31.
The Neighborhoods Committee on March 17 postponed consideration of legislation that would authorize city action to acquire the property known as the Interline building that is tied to a proposed land swap with a private developer and University of Florida (agenda item 2025‑135). Committee members recorded an amendment raising the purchase ceiling from $4 million to $8 million, then voted to postpone the item until the March 31 committee meeting so a third appraisal could be reviewed.
Why it matters: The city and Downtown Investment Authority have been negotiating options to secure property that University of Florida said it needs for an expansion site. An appraisal the administration obtained valued the Interline building and…
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