During the latest law-making session, Florida’s legislators authorized a means for landowners to seek extensions for certain state-regulated development permits, citing the struggling real estate market and likelihood that many permits may expire before market conditions improve. The Lee County Board of County Commissioners has taken note, and has a similar authorization for four-year local
The Real Estate Investment Society and Urban Land Institute conducted a workshop, “Challenges and Strategies for Property Development Today,” last Thursday morning in Fort Myers. Mary Gibbs, Lee County‘s Director of Community Development, got right to the point:
All properties today are challenging. Nothing’s easy anymore,” noting that property location, infrastructure availability, and objections from surrounding residents seem to be the most common constraints.