City, developer at last negotiating on Three Corners

More than six years after the idea was hatched for a major riverside development on the site of the city’s shuttered power plant, Vero Beach officials are negotiating actionable terms with a capable developer.

For a long time, the Three Corners project has felt less like a development and more like a civic endurance test. Starts. Stops. Resets. Debate. Now, finally, the project has crossed a major hurdle separating concept from execution.

Last month, the city completed a term sheet that outlines the deal between Vero Beach and the development team and presented it to the developers…

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