http://www.youthmissionsinsider.com/youth-group/what-have-i-missed.html
owner Tom Scholl will receive $6.6 million for the property in exchange for payinghis attorney’s legal fees of $6.6 which the authority was ordereed to pay. Under the arrangement, Scholl won’t pursur legal action against the authority for business allegedlg lost when the 70 acres at the northerh terminal of Talleyrand Avenue were under threat ofeminentf domain. Jacksonville Port Authority Executive Director Rick Ferrim said a bulk materials terminal couldf have been built on the38 acres, but the authorituy decided to sell due to its need for capitaol and desire to focus on building Ltd’sx terminal at Dames Point.
He added that the economid impact of the 38 acres would be greater if it was combinedc with the other68 acres. Keystone Coal planws to build a $20 million coal terminal on part ofits 78-acrre parcel. The authority bought the 38 acresd forabout $5.7 millioj through eminent domain from LLC. Following the $61 million verdictr for the 70 acres of land andthe authority’zs balking on the price, Judgwe Richard Watson ordered the authority to pay $10.
6 million to lawyers who defended
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