Developer offers Sarasota payment plan

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SARASOTA – A developer offers the City of Sarasota a $49.8 million payment plan for a verdict that didn’t go its way.

Buck–Leiter Development was negotiating with the city to build the Palm Avenue garage, a hotel and retail space on city property, but it says the city voted to halt the talks and thus  broke their contract.

A lawyer for Buck–Leiter said the firm won’t seek additional attorney fees if the city pays the full $49.8 million breach–of–contract judgment, plus interest, by 2022.

The Herald-Tribune says that could save taxpayers an additional $25 million.

Still a new ruling may overturn that judgment.

County Court Judge Erika Quartermaine has yet to rule on the city’s motion for a directed verdict that argued the plaintiff lacked sufficient evidence at the end of trial to prove its claim.

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Kathy Leon
New York born, morning anchor Kathy Leon has lived in Florida more than half her life and Sarasota is truly her home. She joined the Herald-Tribune in 2003 after her son was born, choosing to take a break from TV news after 10 years at Sarasota's WWSB, as a reporter and its first morning anchor. But, after a 10 month break, the opportunity to work together with paper and web reporters lured her back. She’s almost done it all; Weekend anchor, morning anchor, executive producer and even a weather forecaster! Along the way Kathy won an Associated Press award for Best Sports story, as well as five others for hard news. Still as a wife, and working mom of 2, she’s always striving to find the right balance. And, with all the resources Sarasota has to offer the hardest part is taking advantage of it all. Contact Kathy at Kathy.Leon@snntv.com