Escambia County Commissioners are being asked if they’re willing to amend the sale agreement for OLF-8 after the buyer proposed dropping more than 170 acres earmarked for economic development from the deal, reducing the price by about $14 million and working with the county to pick up some of the infrastructure costs if the board chooses to retain that part of the property.
Among the board’s options are to accept the buyer’s amended offer, deny the request and allow the purchase sale agreement to expire this summer, or provide an alternate direction to staff as to how to proceed.
Some say the county should go back to the drawing board and solicit additional offers for the property because this was not part of the original agreement, but the developer says he’s working towards a purchase agreement that will achieve the “best possible outcome for all stakeholders.”…