The new plant would be financed with a 20-year loan at less than 1 percent interest, and the city’s total debt load would rise to around $200 million. It also depends on steady growth in coming years.
Real Estate & Development
City Hall Rising: Walls Go Up at Palm Coast’s Future Home
Walls built in place went up Tuesday morning on the site of the future Palm Coast City Hall in Town Center, marking a significant visual advance in the nearly $10 million project as it moves toward completion by fall.
As FAA Issues Rules, New Palm Coast Drone Company Beguiles Realtors and Others
CAVU Aerial Photography, a drone company in Palm Coast since August, has been showing Realtors, communications companies and others the many uses of drone technology, which is expected to boom with the FAA’s new, more permissive rules.
Ending Long Fight, County Approves Short-Term Rental Regulations–With Grandfather Clause
New rules limit short-term rental homes to 10 overnight occupants, and require inspections and a certification process, ending a three-year effort by the county to change state law and enable the commission to regulate the industry.
Fearful of Scaring Buyers or Undervaluing Property, School Board Haggles to $2.3 Million Price for Corporate Building
The Flagler school board now finds itself in the paradoxical position of attractively advertising the ex-ITT property for sale after it was essentially condemned as a school facility.
“Halleluiah Jesus”: From “Project Hot Dog” to Foreign Investors, Flagler Sees Commercial Real Estate Turn-Around
Ukrainian entrepreneurs, Chinese investors and local businesses looking to expand are resulting in robust new activity on Flagler’s long-dormant commercial real estate sector, the county’s economic development council learned this morning.
With Generous County Subsidy, Christian School May Be Next Tenant of Old Courthouse
County government will vote Tuesday on a proposal by First Baptist Christian Academy of Palm Coast to lease the old courthouse in Bunnell for $5,700 a month, and with an interest-free, 30-year tax-funded loan of $360,000.
County Approves Salamander’s Bid For 198-Room Hotel, With Conditions and Donations
The Flagler County Commission’s verdict, just before 2 a.m. Tuesday, includes some last-minute promises of land and dollars from Salamander, and a four-year deadline to build the $72 million project.
Salamander’s Hammock Beach Hotel: An Invitation to Future Prosperity in Flagler
Tim hale, a Palm Coast business owner and Hammock resident, argues that Flagler County’s economic future is intertwined with Salamander’s proposed 198-room hotel at Hammock Beach.
Supreme Court May Invalidate Fair Housing Provision Cities Use to Combat Segregation
The Supreme Court has been weakening many civil rights protections for decades. It appears on the verge of gutting the Fair Housing Act. It hears arguments in a case today that will be decided by the end of June.