ORLANDO-The Orlando City Council is set to meet on Monday to possibly approve the land sale that would clear the way for the Orlando Magic to build a new $100-million headquarters and entertainment complex here.
The plan calls for the council to ratify a deal to sell city-owned land, that includes the city's downtown police headquarters and a public parking garage across the street from the Amway Center to the NBA franchise for $12.7 million, according to the Orlando Business Journal.
SED Development LLCC, an affiliate of the Orlando Magic, would acquire the 7.8-acre property from the city, according to city documents. See story in the Orlando Business Journal.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.