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February 9, 2016

Profile and Update

Citrus Grower Callery-Judge Grove

Investors might have an exit strategy.

Mike Vogel | 6/17/2011

LOXAHATCHEE — A few times in recent years, the 200 investors behind citrus grower Callery-Judge Grove, in business since 1962, have nearly realized an exit strategy from the 3,900-acre property. One plan called for putting 10,000 homes there, but local government opposed that. Smaller projects never got off the ground. Now, investors face a different exit —? a foreclosure suit filed by Prudential. General manager Nat Roberts says the mortgage is a long-standing agricultural loan that matured. Citrus disease, the real estate market and other issues have complicated refinancing. Roberts says he's confident the loan will be restructured successfully.

Tags: Southeast, Agriculture

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Super Bowl 50's coin is made  in central Florida
Super Bowl 50's coin is made  in central Florida

Watch the process at 1700 degrees as the Highland Mint, located in Melbourne, manufactures the official NFL commemorative flip coin that was used in Super Bowl 50.

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