Negotiations for former News-Press site stalled over purchase price

Author: Katiuska Carrillo, Gulfshore Business
Published: Updated:
old news-press
CREDIT: WINK News

Although negotiations between city of Fort Myers and Miami-based developer Tre Bel Housing for the purchase of the city-owned former site of The News-Press started in September, the sides haven’t been able to agree on a purchase price for the land. 

City Manager Marty Lawing provided an update to City Council on March 4 on the progress of negotiations. 

Tre Bel’s proposal for the site at the southwest corner of Dr. Martin Luther King Jr. Boulevard and Fowler Street consists of a mixed-use project with multifamily development, including designated units for attainable housing. 

Lawing said neither party has been willing to budge on the land’s calculated appraised value.  

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