July 21, 2019

Southeast Florida Roundup

Port St. Lucie and business recruiting

Mike Vogel | 6/24/2019

The early returns are in on Port St. Lucie’s latest attempt to build the job-rich business core its founders, the Mackle brothers, failed to include when they created the community decades ago.

In June 2018, Port St. Lucie took over 1,123 acres from Tradition Land. The company, struggling to recover after the Great Recession, had succeeded in selling off its residential land but found no suitable takers for its large commercial tract, dubbed the “Jobs Corridor” along I-95.

Rather than see the acreage wind up in a tax-bill auction, the city took title along with responsibility for repaying the debt it underwrote for the development, which it was on the hook for anyway.

This story also features expert opinions, business briefs and people in the news: City Electric Supply; Oculus Surgical; Greg Oravec; Algafeed; Indian River State College; Miami Dade College; JetSmarter; PIXL at Plantation; Robert V. Matthews

 

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