The state will pay a record sum to acquire property which will ease access to the eastern side of Walt Disney World near Disney Springs and two Disney Vacation Club resorts.
The Orlando Sentinel is reporting that Florida has reached an agreement with the owners of the Crossroads shopping plaza to acquire the property for $198 million.
The property is located directly between Interstate 4 and Hotel Plaza Boulevard, just east of Disney Springs, Disney's Sartoga Springs Resort & Spa and Disney's Old Key West Resort. The land will be used to build ramps to-and-from I-4, significantly easing traffic congestion in the area.
According to the Sentinel, Crossroads was home to 25 businesses including the now closed Goodings Supermarket, McDonald's, TGI Fridays and more.
The state exercised eminent domain in February 2019. Negotiations on the purchase price lasted nearly 2 years, concluding with what attorney Kent Hipp claims is the largest eminent domain settlement in Florida's history.
Impacted businesses have until August 2021 to vacate the property.
Source:Orlando Sentinel
