(Carl Cronan is editor of Real Estate Florida.)
MIAMI-A ruling this week by the Florida Supreme Court in a caseoriginating from the Panhandle has implications stretching to theother end of the state, including plans for the Florida Marlins'new baseball stadium. The decision in Strand v. EscambiaCounty basically states that voter referendums are not requiredfor the use of taxpayer money in community redevelopmentprojects.
The rulingis good news to end a week in which Florida commercial real estatecould use a boost after turmoil in the capital markets. The rulingreverses another one by the same court last year that had negatedhow tax increment financing districts could be used to pay downbond debt on projects.
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