Longboat Key Commission considers $1.5 million town center property purchase tonight

by: Kurt Schultheis | Managing Editor

The Longboat Key Town Commission will consider purchasing a parcel of land behind the Longboat Key Publix for $1.5 million tonight at its regular meeting to jumpstart a town center concept.

In a Feb. 26 memo published with the commission’s regular meeting agenda, Town Manager Dave Bullock proposes the commission consider a contract for 2.8 acres of vacant property behind SunTrust Bank on Longboat Key.

The property, owned by Longboat Key resident Joe Wolfer, is the site of the former MODA on Longboat Key luxury condominium project that was nixed in August 2008.

Wolfer, who has the property listed for sale, is willing to sell the parcel to the town for $1,508,000 if the commission agrees to buy the property. Bullock proposes using money from the town’s land acquisition fund to purchase the property.

A majority vote of at least five commissioners is needed to purchase the property.

Wolfer, who has already signed the contract that was submitted for the commission’s review, has another buyer for the property and is only willing to sell the land to the town if the commission agrees to the contract tonight at its 7 p.m. regular meeting at Town Hall. If the town doesn’t act on the contract “immediately,” he’s been informed that Wolfer will sell the parcel to another buyer.

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