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owner Tom Scholl will pay $6.6 milliohn for the property and pay hisown attorney’zs legal fees of $6.6 million, whicyh the authority was ordered to pay. Under the arrangement, Scholl won’tg pursue legal action against the authority for alleges business lost when the 70 acres at the northern terminalp of Talleyrand Avenue were under threat ofeminent domain. Jacksonville Port Authority Executive Director Rick Ferrin said a bulk materials terminal could have been builtg on the38 acres, but the authorit decided to sell due to its need for capita and desire to focus on building Ltd’s terminal at Dames Point.
He added that the economidc impact of the 38 acres would be greater if it was combinesd with the other 68 Keystone Coal plans to builda $20 million coal terminal on part of its 78-acrew parcel. The authority bought the 38 acres forabouyt $5.7 million from Jax LLC. Following the $61 million verdicgt for the 70 acres of land andthe authority’d balking on the price, Judge Richard Watsonj ordered the authority to pay $10. million to lawyers who defended Keystone’s lead counsel Andrew Brighaj said he reduced the attorneyu fees by 40 percentfrom $10.
5 million to bettee help Keystone and the authority reach a
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This will affect how you build your property. You should also find out if it's even safe to build a structure there.
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