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Central Florida Business Briefs - Jan. 2005

In the News

DAYTONA BEACH -- Joyland Amusement owner Dino Paspalakis and Los Angeles-based Carlsberg Management Co. reached a mediated settlement that clears the way for the long-awaited redevelopment of the Boardwalk. The confidential agreement ends a legal battle in which the city planned to condemn the Joyland site for Carlsberg's $115-million redevelopment.

GROVELAND -- The City Council approved a $350,000 renovation of its 38-year-old City Hall. The renovation should allow the city to
expand its staff from eight to 22. A new building is planned in about five years.

LEESBURG -- The City Commission approved plans by Orlando builder Royal Palm to build three eight-story condo towers -- the tallest residential buildings in the city. The towers will house 189 units ranging from $200,000 to $400,000.

ORLANDO -- The 743-unit Park Avenue apartment complex in MetroWest has been sold to Tarragon South Development Co. and Sunvest Communities LLC and turned into condominiums. Prices at the complex, renamed The Hamptons at MetroWest, will range from $120,000 to more than $300,000.

Hughes Supply (NYSE-HUG), which moved into its 200,000-sq.-ft. downtown headquarters last year, is out of space and considering another building in the Parramore area.

A federal judge has thrown out a 2-year-old lawsuit against Walt Disney World in which Hawaiian artist Mark Waters claimed Disney stole the idea for Epcot. The suit alleged Disney executives saw plans for what Waters called "Miniature Worlds," rejected them and then used them to create Epcot years later.