The $15.6 million sale of the former A.G. Holley state tuberculosis hospital in Lantana has been completed, the state’s first such deal under a revamped effort to raise money for land conservation through the sale of surplus land.
The Florida Department of Environmental Protection on Tuesday announced the completion of the sale to Southeast Legacy Investments, a land-development and construction company.
The 80-acre parcel, which may be converted into a mixed-use project, was approved for sale by Gov. Rick Scott and the state Cabinet on March 6.
“It is exciting to see this sale come to fruition knowing how the sale of non-conservation lands will benefit Florida’s precious resources and will assist the town of Lantana in developing a new public sports complex,” Kelley Boree, director of the department’s Division of State Lands, said in a statement.
The Palm Beach Post reported that the developer has agreed to pay $2.5 million to Lantana to help relocate ball fields that are located next to the former hospital, which was closed in 2012.
Money from the sale will go into the state’s Internal Improvement Trust Fund, which is used for future land purchases under the Florida Forever conservation program. About $30 million more is lined up for the program through 10 other approved sales that await closing.