Alico Sells 932 Acres in University Village.LABELLE, Fla.--(BUSINESS WIRE)--Sept. 8, 1999-- Ben Hill Griffin III, chief executive officer and chairman of the board of Alico Inc. (ALCO), announced Wednesday that the company has completed the sale of 932 buildable build·a·ble adj. Suitable or available for building: "The problem was finding a site that was well located, appropriately zoned . . . and buildable" Sam Hall Kaplan. acres in University Village, adjacent to 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 , to Miromar Development. As part of the agreement, Miromar Development will also receive an additional 298 acres of lakes and natural preserve areas. The purchase price of the property was $16.5 million. The announcement marks a major milestone in creating a synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. mix of upscale residential, commercial, office, lodging and recreation services in the immediate vicinity of the state's tenth university. "In 1993, when Alico donated the land where Florida Gulf Coast University now stands, our company agreed to establish a 2,300-acre 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, for the development of services and facilities that support the university environment," said Griffin. He explained that the University Village concept was consistent with the Board of Regents' desires for compatible development adjacent to the university and complied with the Lee County Comprehensive Plan guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. to provide university students with amenities and services on site in order to avoid undue pressure on the infrastructure surrounding the university. "Today's announcement brings the dream of the University Village one step closer to reality." As part of the announcement, Miromar Development unveiled initial plans for Miromar Lakes, a master-planned community to be built along the northern and western boundaries of the university campus. The community will offer residential housing and commercial services within one-half mile of the university. "Alico remains committed to doing all we can to provide for the needs of the faculty and students of Florida Gulf Coast University," said Griffin. "We are confident that Miromar Lakes will enhance the university environment and provide significant economic and quality of life benefits for the entire region." 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion