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Article: Water Board to Spend $33 Million Saving Weston, Fla., Land from Development.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- September 13, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Neil Santaniello, South Florida Sun-Sentinel Knight Ridder/Tribune Business News
Sep. 13--South Florida water managers are going to pay dearly -- nearly $300,000 an acre -- for a chunk of open space in Weston but said the sky-high price could not be avoided.
The South Florida Water Management District board sounded pained by the price -- $33 million for 113 acres of real estate that includes a family-owned asphalt-making plant, rock-mining operation, buildings and a plant nursery.
But after a few minutes of discussion, board members agreed, 5-0, to pay the sum for land they grabbed last March. It stands in the heart of a swath of ...