Fla. County OKs $62M Hotel Takeover For Airport Project

Law360, Miami (June 11, 2013, 4:16 PM EDT) -- Broward County commissioners on Tuesday unanimously approved a $62 million settlement reached by the county and the Blackstone Group-affiliated owners of an area hotel to take over the property to make way for Fort Lauderdale-Hollywood International Airport's $791 million south runway expansion.

Demolition of the eight-story, 388-room Hilton Fort Lauderdale Airport hotel was deemed necessary by the Federal Aviation Administration because the building stands in what will be the runway protection zone when the runway is extended to 8,000 feet. The building's height was also considered...
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