ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
The city of Orlando has acquired land from a real estate subsidiary of The Church of Jesus Christ of Latter-day Saints.
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Orlando received roughly 15.34 acres of land from Suburban Land Reserve on April 23 in exchange for roughly $8 million in transportation impact fee credits. The exchange included drainage and slope easements, city spokeswoman Andrea Otero told Orlando Business Journal.
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The land would be used for segment one of the Sunbridge Parkway, a four-lane road which would connect with Tavistock Development Co.’s Sunbridge project. The 27,000-acre development will span Orange and Osceola counties, including residential and commercial projects.
Click here to read the full story on the Orlando Business Journal’s website.
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