Murdock Village Redevelopment Initiative

22. How long will it take to complete the redevelopment contemplated for the Murdock Village redevelopment Area?

Preliminary analysis by economic real estate consultants used by the County indicates that market absorption for the mix of non-residential and residential development now generally contemplated by the County may take between eight (8) and ten (10) years once a redevelopment partner receives title to the land in a developable condition. In other words, the County is currently working to acquire all the property within the redevelopment Area with complete assemblage expected to occur in 2005 or 2006, so build out is expected to occur sometime between 2013 and 2015. [Click here to learn more about obligations of the County before construction commences.]

Once the County receives and evaluates proposals, selects a redevelopment partner and renegotiates a redevelopment agreement, the timeframe for completion will become clearer. [Click here to learn more about the County's currently anticipated critical events schedule to select a redevelopment partner.]

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Web Site of the Charlotte County Board of County Commissioners
Administrative Complex * 18500 Murdock Circle * Port Charlotte, Florida 33948 * 941.743.1200