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