In 1997, the county bought 272 acres next to the port fromSwerdlow for $120 million or $441,176 per acre. The county plannedto have a railroad cargo hub built on the land that lies betweenthe shipping port and the local airport.
Swerdlow leased back the northern 97 acres for $1 million a yearto build warehouses. The agreement called for the developer tostart initial construction no later than April of this year. Thathasn't happened, and county commissioners voted this week to seizethe five acres.
Swerdlow says the county is violating its contract because itfailed to promptly notify him of the problem and has now takenaction five months too late. Also, the county has dragged its heelson implementing the rest of the cargo hub plan.
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