The Orlando Magic are looking to scoop up some land owned by the city of Orlando for a new 100,000-square-foot facility in downtown.
On Monday, Feb. 10, the city council will vote on selling a 2.58-acre parking lot at 522 W. Central Blvd. for $5.1 million, or $2.52 million per acre, to the Magic. The land is less than half a mile from the Amway Center, the team’s home court, and is adjacent some property already owned by the Magic, according to city documents.
If the deal is approved, the land would become the site of a new team training facility with an orthopedic center and a community health component.
There’s no clear timeline for the project, nor a cost, but the contract states that any needed demolition of the property has to begin within six months of the deal closing and construction within six months after demolition.
“Part of the franchise’s due diligence is investigating the possibility of obtaining land in downtown Orlando,” Orlando Magic spokesman Joel Glass told Orlando Business Journal.
This would be the latest major development underway by the Orlando Magic.
The largest to date is the $500 million-plus, downtown mixed-use project called Orlando Sports & Entertainment District planned to be built across the street of the Amway Center. That project will include a 300-room hotel, 420,000 square feet of office space, 80,000 square feet of event space, more than 100,000 square feet of retail space and an open-air plaza. It has the potential to boost sports-related traffic through downtown and provide other high-end amenities.
New projects create opportunities for local contractors and vendors, plus when completed, they create new permanent jobs.Source: OBJ
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