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Plantation CRA approves $650,000 purchase of 1040 S. State Road 7 amid questions over price and demand
Summary
The Plantation CRA voted to buy 1040 South State Road 7 for $650,000 as part of a strategy to preempt speculators and assemble small parcels for fee‑simple townhomes targeted at first responders, teachers and nurses; some commissioners questioned the premium over an appraiser’s land value and asked staff to survey employee interest before proceeding.
The Plantation Community Redevelopment Agency approved the acquisition of 1040 South State Road 7 for $650,000 on April 29, 2026, a purchase several commissioners said they debated because the city’s appraiser valued the property substantially lower.
Redevelopment Administrator Glenn Hall (addressed in the record as "Mr. Hall") told commissioners the CRA aims to preempt speculators and assemble small parcels to support a planned cluster of fee‑simple townhomes for first responders, teachers and…
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