I suspect kickbacks are in the works for someone in Government or is this just a very bad deal? The property appraiser estimated the worth of this property in 2010 as $601,440. Florida City paid $3,000,000 for it 10/2010.
It sold for $3,000,000 in August 2005 to Geo Group (they manage correctional facilities) -- that is the TOP of the market. So why did Florida City pay so much 5 years later? Did the owner pave it with gold? The previous owner submitted all the plans. I guess they will manage it. So what does the Geo Group do, buy expensive land and then sell it to a municipality for more than it is worth? What is going on? This appears to have been 5 years in the works. They are so sneaky and under-handed don't you think?
I wondered in my article on the annexation, why? Why now? What is Otis Wallace up to? Now we know. Someone should investigate this over payment. Or is this some sort of convoluted deal we will never understand?
There is so much wrong here: The jail would require a excavation and fill permit from the Army Corps as it would be filling in freshwater wetlands. It is also less than five miles to the eastern border of Everglades National Park. Wrong number 3, the property is outside the UDB.
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| Annexation area same as Army Corp's Application map area. |
5 comments:
Where is the sunshine? Mayor Odious Wallace had to be planning this deal for at least 5 years.
Did the property have any Agricultural exemptions applied? If so that could account for the disparity in value. Not to say that it is worth 300 million but the Property Appraisers website does not paint the full picture of their valuations.
Sorry. 3 million not 300.
Another outstanding article. And you are correct ... the whole deal reeks to high heaven.
Instead of having elections in Florida City, they should just have pre printed ballots with Wallace and daddy Shiver already punched out. It may save them some money.
Non exempt Ag land, outside the UDB has a value of around $40K per acre and that's being generous. This property is no where near 3 million, unless you're the seller and have friends!
And, don't forget, the more environmental destruction, the better! Who needs wetlands - right? Let the inmates pay for their keep by sandbagging or digging trenches!
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