Port land auctioned

Published: Thursday, April 17, 2014 at 11:20 AM.

“We still have the Arizona Chemical site and we still have our missions to create jobs,” said Port Authority chair Leonard Costin.

The property was appraised late in the prior decade by the St. Joe Company. That appraisal pegged the land’s value at under $4 million.

Capital City Bank subsequently funded another appraisal but the land’s value stemming from that appraisal was never shared with the Port Authority.

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