Dick Hogan of news-press.com said that Edison Farms property goes back on the auction block today, the auction will yet to determine the new owner of the wetland. A number of real estate experts and environmentalists believe that the land is difficult to invest on because it is 80 percent wetlands. On the other hand, there are still those who believe that it is the most valuable land purchase the county could make.
The new owner of the controversial land will have to pay off a $78.4 million judgment. But, neither Lee County nor nonprofit environmental groups have plans to bid on the land. Environmental groups have long pushed for the county’s Conservation 20/20 program to get hold of the 3,900-acre parcel in south Lee County. However, the county commission voted 3-1. Members of the organization did not authorize the bidding of the property for up to $16 million.
The president of the Conservancy of Southwest Florida, Andrew McElwaine, said that though Edison Farms is a difficult development site, “From an ecological point of view it should be everyone’s top priority.” McElwaine was being practical when she said that the Lehigh Acres property must be preserve by the county to get the protection it needs as there are no private effort on the move to acquire it.
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