Somehow Tree huggers got to them?What am I missing, if they are able to sell it to someone who wants to keep it a racetrack, why would they care?
I think the asking price for the 'warehousing' company was north of 11m? No one would purchase the property as a drag strip for that kind of cash...unless they have it to burnThe track owners went in front of the Palm Beach County zoning board last week and once again they turned down the proposal.to build warehouses.on the property. PBIR then announced that they will not sell the property to anyone who wants to re-open the track.
Exactly. The current owners know the land is worth more if it can be developed into warehouses. They think they can force the County board into letting them redevelop by constantly reminding them that they will not sell to anyone with plans to reopen the race track..... Which is fine, they can sell it or not sell it to whoever they want..... but they can also sit with vacant land that makes zero income while paying property taxes for as long as they want, too. lol. How many times does the county need to turn down the applicant for the same reason? lol. The applicant should probably increase their "back room deal" offer to the county commissioners in order to get this deal done. Commissioners have a way of changing their minds when they are offered cash/gifts/favors.I think the asking price for the 'warehousing' company was north of 11m? No one would purchase the property as a drag strip for that kind of cash...unless they have it to burn