http://www.autodiscus.com/2009/09/page/2
owner Tom Scholl will pay $6.6 million for the property and pay hisown attorney’sz legal fees of $6.6 million, which the authority was ordered to pay. Under the Scholl won’t pursue legal actionn against the authority for alleged businesx lost when the 70 acress at the northern terminal of Talleyrand Avenue were unded threat ofeminent domain. Jacksonville Port Authority Executive Directoer Rick Ferrin said a bulk materials terminal could have been builft on the38 acres, but the authoritty decided to sell due to its need for capita l and desire to focus on building Ltd’s terminaol at Dames Point.
He added that the economi impact of the 38 acres would be greater if it was combined with the othedr68 acres. Keystone Coal plansz to build a $20 million coal terminal on part ofits 78-acree parcel. The authority bought the 38 acree forabout $5.7 million from Jax LLC. Followinvg the $61 million verdict for the 70 acrese of land andthe authority’s balking on the price, Judgse Richard Watson ordered the authority to pay $10.5 million to lawyers who defended Keystone. Keystone’s lead counsek Andrew Brigham said he reduces the attorney fees by 40 percentfrom $10.
5 million to bettee help Keystone and the authority reach a
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