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Plantation CRA approves $650,000 purchase of 1040 S. State Road 7 after debate over price, demand
Summary
The Plantation Community Redevelopment Agency voted 4–2 to acquire 1040 S. State Road 7 for $650,000 to support a small fee-simple townhome project intended for first responders and other workers, after commissioners questioned appraisal values and urged staff to gather demand data.
The Plantation Community Redevelopment Agency voted 4–2 to authorize spending $650,000 to acquire 1040 South State Road 7, a small parcel city staff says will help create fee-simple townhomes intended as ownership options for first responders, teachers and nurses.
Council Member Reinstein pressed staff on whether units had been presold, saying he worried the CRA was adding inventory "but we haven't yet confirmed that this group ... are actually getting in line to purchase these." He asked staff to put those pre-sale and demand assumptions on the record before committing CRA funds.
The redevelopment administrator, Mr. Hall, told commissioners the Peters Road project of 14 townhomes already has a chosen developer, a site plan and…
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