Northport lot auction
2,100 seized lots on auction block
North Port and Sarasota County will jump into the real estate market in a big way next week, hoping to make $50 million to $70 million that the county can use for affordable housing.
The county has already committed much of its windfall, expected to top $20 million, to affordable housing initiatives. While North Port hasn't yet dedicated its windfall, one commissioner said the city needs to use the money to pay for road projects.
The two governments hired Fisher Auction Co. of Pompano Beach to conduct the auction with bidding, some via the Internet, starting in early January and ending Feb. 11.
County, city to sell a lot of lots [Herald-Tribune]
North Port and Sarasota County will jump into the real estate market in a big way next week, hoping to make $50 million to $70 million that the county can use for affordable housing.
The county has already committed much of its windfall, expected to top $20 million, to affordable housing initiatives. While North Port hasn't yet dedicated its windfall, one commissioner said the city needs to use the money to pay for road projects.
The two governments hired Fisher Auction Co. of Pompano Beach to conduct the auction with bidding, some via the Internet, starting in early January and ending Feb. 11.
County, city to sell a lot of lots [Herald-Tribune]
posted by Mark Washburn on 10/27/2005
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