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Council approves $2.0 million purchase for Challenger Boulevard extension despite appraisal concerns
Summary
The council voted to buy roughly 2.02 acres and a 0.28‑acre slope easement from 4011 Colonial LLC for $2,000,000 for the Challenger Boulevard extension after staff said the appraisal accounted for predevelopment costs; some councilmembers raised concern about paying above appraisal.
At a public hearing the City of Fort Myers council approved the purchase and sale agreement to acquire about 2.02 acres and a 0.28‑acre slope easement from 4011 Colonial LLC for $2,000,000 plus closing costs to support the Challenger Boulevard extension (Ward 5).
A councilmember questioned why the city would…
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