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Tuesday's Daily Pulse
What you need to know about Florida today
› FPL Transmission Line Gets Approval
Florida Power & Light got approval Monday from state utility regulators to develop a 79-mile transmission line northwest of Lake Okeechobee. In a brief meeting, the Public Service Commission approved the need for the project, which will link the Sweatt Substation in Okeechobee County to the Whidden Substation in DeSoto County.
› Surfside commission votes to approve $2 million settlement in Champlain Towers collapse
Surfside commissioners voted Monday to approve a $2 million insurance settlement in the class-action lawsuit related to the Champlain Towers South condo collapse. It was part of the nearly $1 billion tentative settlement of a class-action suit in which parties ranging from the security company contracted at the Champlain Towers to the developers of a Miami Beach condo building next door agreed to pay the survivors and families of victims.
› St. Petersburg bank rebrands, changes name
First Home Bank, St. Petersburg’s only locally owned community bank, has changed its name to BayFirst and updated its branding with a new logo. The new name, according to a news release, was chosen to better align the bank with its holding company, BayFirst Financial Corp. (NASDAQ: BAFN), and clear up confusion regarding the bank’s products and services.
› Home to 200 horses, cows, pigs and more, Jacksonville's Celestial Farms facing financial crisis
The fate of Celestial Farms, a 12-year-old farm animal sanctuary and educational center on Jacksonville's Northside, will be decided June 29. That's the deadline for the nonprofit to pay a balloon payment on its mortgage and other debts that total about $300,000, according to Executive Director Rory Malloy. The need is urgent, he said.
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