Tobin, an expert on the Ginn Co.’s shredding history in the county, outlines three reasons why the county commission’s $3.5 million Pellicer Flats land buy was risky, reckless gamble.
ginn co
The Live Wire Weekend Edition: Chief Chitwood’s Moron Moment
The Daytona police chief calls the Volusia sheriff a “moron,” Ginn defaults on another property, John Tanner enters the Daytona State College board follies, FedEx lays off in Lakeland and elsewhere–and raises its earnings outlook, and more.
In Knotty Deal, County Agrees to 980-Acre Buy from Ginn Co. for at Least $3.25 Million
The county will pay $2.25 million now, $1 million more in 24 months, and potentially $1.25 million more over an undetermined amount of time should the land yield lucrative wetlands credits.
Burned Just 4 Months Ago, County Cooks Yet Another Risky Deal With Ginn on Public Dime
The $4.75 million acquisition of 980 acres around Pellicer Creek is almost 10 times the land’s appraised value. Part of the buy rests on a creative but risky, long-term scheme.