Bonnet Springs Park Developers Eye City Property

Plans to develop a massive urban park west of downtown Lakeland could get a boost from city commissioners Monday. City staff is recommending the City Commission sell 2.3 acres of land and some right of way to the private developers of the Bonnet Springs Park. The appraised value and asking price: $424,601. But commissioners have the option of reducing that amount, a memo from the city attorney notes.

triangle-shaped parcel
Click for a larger image

The triangle-shaped, city-owned property is south of the intersection of George Jenkins Boulevard and Kathleen Road and just north of the abandoned Florida Tile site.  Lake Wire Development Co. plans to offer both parcels to an outside developer for a commercial/residential/office complex. Proceeds would complement the multi-million-dollar fund-raising being undertaken to build the 180-acre park.

Realtor David Bunch, who is joined by retired city Parks Director Bill Tinsley in spearheading Bonnet Springs, told The Ledger (“only half joking,” the paper said) that while the city is fair in asking $424.6k, “A fair price to us would’ve been a donation.”