Alico Announces Second Land Sale to Miromar.Business Editors LABELLE, Fla.--(BUSINESS WIRE)--May 11, 2000 Ben Hill Griffin III, chief executive officer and chairman of the board of Alico Inc. (ALCO), announced today that the company has agreed to sell approximately 488 acres of its Lee County property to Miromar Lakes, L.L.C. The contract price is $10.6 million. The property, located south and east of Florida Gulf Coast University About FGCU History The newest university in the State University System of Florida, the school was established by then-governor Lawton Chiles in 1991, although the site of the university wasn't chosen until 1992, and construction pushed back even further still (until , is part of the University Village, a half-mile buffer zone buffer zone n. A neutral area between hostile or belligerent forces that serves to prevent conflict. Noun 1. buffer zone around the campus, reserved for services and facilities that support the university environment. Miromar Lakes, a division of Miromar Development Corp., headed by President Margaret Miller, previously purchased land north and west of Florida Gulf Coast University from Alico. Alico Inc. is an agribusiness agribusiness Agriculture operated by business; specifically, that part of a modern national economy devoted to the production, processing, and distribution of food and fibre products and byproducts. company, primarily engaged in the production of citrus citrus Any of the plants that make up the genus Citrus, in the rue family, that yield pulpy fruits covered with fairly thick skins. The genus includes the lemon, lime, sweet and sour oranges, tangerine, grapefruit, citron, and shaddock (C. maxima, or C. grandis; also called pomelo). , cattle, sugarcane, sod and forest products. |
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