SARASOTA – After nearly a decade the City of Sarasota is moving forward with a plan to redevelop a former dumping ground..
An unoccupied 14- acre property in Newtown might soon turn into a business incubator.
“To proceed down a path to redevelop the property and hopefully create many many good paying jobs on that site,” said Sarasota City Manager, Tom Barwin.
Used as a dumping ground years ago, its a deserted lot on Dr. Martin Luther King Jr. Way U.S 301.
“The biggest issue was ground water, arsenic in the ground water which is fairly typical and that all had to be treated and remediated and deceased and it was a multiple year process that we went through to do that,” explained Barwin.
Barwin says the city is working to create a partnership with Urban America, a Texas based real estate and investment firm who specialize in developing properties in urban areas and low to moderate income areas.
“This first phase is for them to finish there due diligence and do their analysis and market review and they are going to come back with a more specific plan for businesses that they will like to target and an infrastructure plan,” said Barwin.
He says Newtown has seen steady transformation and expansion and e anticipates more growth in the coming years.
The city plans t to go into agreement with the company May 28th, 2018.