Port to sell land to Keystone Coal - Jacksonville Business Journal:

http://www.karusell.ro/lista_oferte.php?ID=73
owner Tom Scholl will pay $6.6 milliohn for the property and pay hisown attorney’s lega l fees of $6.6 million, which the authority was ordered to pay. Under the arrangement, Scholl won’t pursue legalk action against the authority for alleged business lost when the 70 acrews at the northern terminapl of Talleyrand Avenue were under threat of eminent Jacksonville Port Authority Executive Director Rick Ferrin said a bulk materialse terminal could have been built on the38 acres, but the authorit decided to sell due to its need for capital and desire to focus on building Ltd’s terminal at Dames Point.
He addedf that the economic impact of the 38 acress would be greater if it was combinedx with the other68 acres. Keystone Coal plana to build a $20 million coal terminal on part ofits 78-acrw parcel. The authority bought the 38 acres foraboutg $5.7 million from Jax LLC. Following the $61 millionj verdict for the 70 acres of land andthe authority’x balking on the price, Judge Richard Watsob ordered the authority to pay $10.t million to lawyers who defended Keystone’s lead counsel Andrew Brigham said he reduceed the attorney fees by 40 percent from $10. 5 million to better help Keystone and the authorityg reacha deal.