Tampa Panel Nixes Channelside Project Bid In Surprise Vote

Law360, Miami (May 21, 2013, 7:19 PM EDT) -- Real estate developers who appeared to have the leading bid to purchase and revamp Tampa's depressed Channelside Bay Plaza said they were “stunned and confused” after the Florida city's Port Authority Board unexpectedly voted to eliminate them from consideration Tuesday.

A potential deal for Liberty Channelside LLC to buy the lease for the troubled waterfront retail complex from Irish Bank Resolution Corp. was not on the board's Tuesday meeting agenda, but board member Sandra Murman, a Hillsborough County commissioner, asked to bring up the subject and...
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