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Jaxport Mulls Purchase Options

By

Sam Jordan

@ May 6, 2008 9:53 PM Permalink | Comments (0) | TrackBacks (0)

Jaxport officials are weighing their options over a potential land purchase. 60-acres of land north of the Talleyrand terminal has been deemed by a jury to be worth $67.4million. Jaxport spokesperson Nancy Rubin says that may be out of their price range.

A 2006 court ruling paved the way for Jaxport to buy the land under eminent domain, but the price was only recently determined by a separate jury.

Rubin says right now they're meeting with attorneys and considering some of the legal options they have, which include simply walking away from the deal.

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