(Carl Cronan is editor of Real Estate Florida.)

MIAMI-A ruling this week by the Florida Supreme Court in a case originating from the Panhandle has implications stretching to the other end of the state, including plans for the Florida Marlins’ new baseball stadium. The decision in Strand v. Escambia County basically states that voter referendums are not required for the use of taxpayer money in community redevelopment projects.

The ruling is good news to end a week in which Florida commercial real estate could use a boost after turmoil in the capital markets. The ruling reverses another one by the same court last year that had negated how tax increment financing districts could be used to pay down bond debt on projects.

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