• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
MENUMENU
MENUMENU
  • Home
  • About
    • Contact Us
    • FlaglerLive Board of Directors
    • Comment Policy
    • Mission Statement
    • Our Values
    • Privacy Policy
  • Live Calendar
  • Submit Obituary
  • Submit an Event
  • Support FlaglerLive
  • Advertise on FlaglerLive (386) 503-3808
  • Search Results

FlaglerLive

No Bull, no Fluff, No Smudges

MENUMENU
  • Flagler
    • Flagler County Commission
    • Beverly Beach
    • Economic Development Council
    • Flagler History
    • Mondex/Daytona North
    • The Hammock
    • Tourist Development Council
  • Palm Coast
    • Palm Coast City Council
    • Palm Coast Crime
  • Bunnell
    • Bunnell City Commission
    • Bunnell Crime
  • Flagler Beach
    • Flagler Beach City Commission
    • Flagler Beach Crime
  • Cops/Courts
    • Circuit & County Court
    • Florida Supreme Court
    • Federal Courts
    • Flagler 911
    • Fire House
    • Flagler County Sheriff
    • Flagler Jail Bookings
    • Traffic Accidents
  • Rights & Liberties
    • Fourth Amendment
    • First Amendment
    • Privacy
    • Second Amendment
    • Seventh Amendment
    • Sixth Amendment
    • Sunshine Law
    • Third Amendment
    • Religion & Beliefs
    • Human Rights
    • Immigration
    • Labor Rights
    • 14th Amendment
    • Civil Rights
  • Schools
    • Adult Education
    • Belle Terre Elementary
    • Buddy Taylor Middle
    • Bunnell Elementary
    • Charter Schools
    • Daytona State College
    • Flagler County School Board
    • Flagler Palm Coast High School
    • Higher Education
    • Imagine School
    • Indian Trails Middle
    • Matanzas High School
    • Old Kings Elementary
    • Rymfire Elementary
    • Stetson University
    • Wadsworth Elementary
    • University of Florida/Florida State
  • Economy
    • Jobs & Unemployment
    • Business & Economy
    • Development & Sprawl
    • Leisure & Tourism
    • Local Business
    • Local Media
    • Real Estate & Development
    • Taxes
  • Commentary
    • The Conversation
    • Pierre Tristam
    • Diane Roberts
    • Guest Columns
    • Byblos
    • Editor's Blog
  • Culture
    • African American Cultural Society
    • Arts in Palm Coast & Flagler
    • Books
    • City Repertory Theatre
    • Flagler Auditorium
    • Flagler Playhouse
    • Flagler Youth Orchestra
    • Jacksonville Symphony Orchestra
    • Palm Coast Arts Foundation
    • Special Events
  • Elections 2024
    • Amendments and Referendums
    • Presidential Election
    • Campaign Finance
    • City Elections
    • Congressional
    • Constitutionals
    • Courts
    • Governor
    • Polls
    • Voting Rights
  • Florida
    • Federal Politics
    • Florida History
    • Florida Legislature
    • Florida Legislature
    • Ron DeSantis
  • Health & Society
    • Flagler County Health Department
    • Ask the Doctor Column
    • Health Care
    • Health Care Business
    • Covid-19
    • Children and Families
    • Medicaid and Medicare
    • Mental Health
    • Poverty
    • Violence
  • All Else
    • Daily Briefing
    • Americana
    • Obituaries
    • News Briefs
    • Weather and Climate
    • Wildlife

County’s $3.5 Million Gamble on Pellicer Flats Raids Credibility of Land Program

September 26, 2010 | FlaglerLive | 1 Comment

pellicer-creek-flagler county
Try building there. (© Cat Smith)

By Don “Toby” Tobin

I’ll think twice before voting for the next continuation of the millage tax to replenish the Environmentally Sensitive Lands Fund. Flagler County recently went “all in” when they decided to purchase Pellicer Flats–more than 900 acres of mostly wetland from Ginn-LA Hammock Beach Ltd. (Bobby Ginn and financial partner Lubert-Adler).

don toby tobin palm coast real estate writer - go toby
Don Tobin
The county is paying at least $3.25 million for property assessed at just over $500,000. It’s a bad decision for several reasons. Foremost is the bet the county is making that the property can be converted into a wetland mitigation bank in the future.

Mitigation banks are established so that developers whose project plans require the loss of some wetlands can “offset” that loss by buying mitigation credits from a mitigation bank. Mitigation credits are assets. They can be bought and sold.


Click On:

  • In Knotty Deal, County Agrees to 980-Acre Buy from Ginn Co. for at Least $3.25 Million
  • Burned Just 4 Months Ago, County Cooks Yet Another Risky Deal With Ginn on Public Dime
  • How Ginn Corp. Stuck Flagler Taxpayers With a $2 Million White Elephant


The $3.25 million purchase price was predicated on a value placed on the land as if a mitigation bank were already established. There is no guarantee a mitigation bank will be approved by the state and the Army Corp of Engineers. If one is approved, there is no guarantee there will be a market for mitigation credits at that time.

The county is taking a gamble. And it’s our money backing the bet. Risk taking is an appropriate behavior for businesses. They’re in a risk-reward world. It is less appropriate for governments. If the county believed that the land should be purchased, they should have held out for a much lower price, taking the mitigation bank gamble off the table.

Another reason I don’t agree with the purchase is that the property is mostly wetland with difficult access. The cost to develop it would be so high as to practically assure it will never be developed. The goal of preserving environmentally sensitive land will be accomplished by the circumstances.


The Live Commentary



Thirdly, the county’s purchase takes the property off the tax roll. Effectively, we are taxed twice; first to collect the environmentally sensitive land funds, and second, to compensate for the loss of taxable property. In private hands, Pellicer Flats continues to generate tax dollars. If an owner succeeds in the pursuit of a mitigation bank, the assessed value will be raised accordingly, further increasing tax revenues.

Lastly, such a business transaction between the county and the Ginn Company at this time should have been avoided. They are in an adversarial position as Ginn appeals a County Board of Commissioners’ decision denying a Ginn request for a zoning change at Hammock Beach. In denying Ginn’s request, the Board overruled the county administration wholehearted recommendation for approval. The administration’s support of Ginn’s plan coincided with discussions they were having with Ginn over a possible Pellicer Flats purchase. However benign that coincidence might be, it provides unneeded fuel to prospective conspiracy theorists.

I’m amazed that such profligate spending raised barely a peep while a modest quarter mill attempt to fund our economic development program will likely be shot down at the upcoming election. Somehow an extravagant gamble in the name of environmental sensitivity is more acceptable than an economic development project that would create jobs and ultimately help offset future residential property tax increases by shifting more of the tax burden onto commercial and industrial properties.

Don “Toby” Tobin, an expert on the Ginn Co., owns GoToby.com Realty and publishes GoToby.com, where this piece originally appeared.


Support FlaglerLive's End of Year Fundraiser
Thank you readers for getting us to--and past--our year-end fund-raising goal yet again. It’s a bracing way to mark our 15th year at FlaglerLive. Our donors are just a fraction of the 25,000 readers who seek us out for the best-reported, most timely, trustworthy, and independent local news site anywhere, without paywall. FlaglerLive is free. Fighting misinformation and keeping democracy in the sunshine 365/7/24 isn’t free. Take a brief moment, become a champion of fearless, enlightening journalism. Any amount helps. We’re a 501(c)(3) non-profit news organization. Donations are tax deductible.  
You may donate openly or anonymously.
We like Zeffy (no fees), but if you prefer to use PayPal, click here.

Reader Interactions

Comments

  1. Phil Chanfrau says

    September 29, 2010 at 9:01 pm

    I feel like I have been swindled. Unbelievable waste of money. I remember when buying Florida swamp land was synonymous with getting swindled. Now, in the midst of one of the worst financial disasters to come along in my generation a huge amount of badly needed funds gets pored down the rathole. Where is the common sense behind this? Maybe the County has so much money it doesn’t know what to do with it…not likely. Assuming the $3.25 million purchase price was conservatively invested, the yield could add to the Land Fund so that a more worthy purchase could be made when the right opportunity came along. I think the County Administrator should be fired.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  • Conner Bosch law attorneys lawyers offices palm coast flagler county
  • grand living realty
  • politis matovina attorneys for justice personal injury law auto truck accidents

Primary Sidebar

  • grand living realty
  • politis matovina attorneys for justice personal injury law auto truck accidents

Recent Comments

  • Pierre Tristam on ICE Arrests More Than 100 in Raid of Construction Site Near FSU
  • Pierre Tristam on The Daily Cartoon and Live Briefing: Sunday, June 1, 2025
  • FlaglerLive on Flagler Beach Secures All FEMA Funds for New Pier, Construction of $14 Million Replacement Begins June 16
  • Pogo on American Doctors Are Escaping to Canada. Guess Why.
  • Pierre Tristam on The Daily Cartoon and Live Briefing: Sunday, June 1, 2025
  • Pierre Tristam on The Daily Cartoon and Live Briefing: Sunday, June 1, 2025
  • Wow on American Doctors Are Escaping to Canada. Guess Why.
  • Sherry on The Daily Cartoon and Live Briefing: Sunday, June 1, 2025
  • Mountain Man on The Daily Cartoon and Live Briefing: Sunday, June 1, 2025
  • Sherry on The Daily Cartoon and Live Briefing: Sunday, June 1, 2025
  • Joe D on County Buys Into $110 Million Speculative Sports Complex Palm Coast Voters Rejected in November
  • G on Flagler Beach Secures All FEMA Funds for New Pier, Construction of $14 Million Replacement Begins June 16
  • Sherry on The Daily Cartoon and Live Briefing: Sunday, June 1, 2025
  • S Williams on The Daily Cartoon and Live Briefing: Sunday, June 1, 2025
  • Sinan Wiese on Sales Tax Cut Appears Dead as House and Senate Leaders Agree to More Limited Exemptions
  • Sherry on Local Police Collaboration With ICE Undermines Public Safety

Log in