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Margaritaville developer given new deadline! |
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Thursday, 04 April 2013 12:31 |
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Sun-sentinel.com - Margaritaville's developer says he needs more time to work out a deal with Starwood Capital — and he got it on Wednesday.
Developer Lon Tabatchnick told commissioners he could not meet the city's April 10 deadline to take possession of the city-owned parcel. Hollywood commissioners gave him a new deadline: July 5.
Tabatchnick plans to build the 17-story Margaritaville resort on 5 acres near Johnson Street and the Broadwalk. He plans to lease the land for 99 years, paying Hollywood $1 million in the first year alone. Continue
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