|Published:||Sep 04, 2012 10:33 PM EDT|
|Updated:||Sep 05, 2012 10:24 AM EDT|
LEE COUNTY, FL - County commissioners voted today to settle a land dispute with developer Colico, LLC. The decision comes several months after Colico won a battle in court over the seizure of property near - what would become - the Estero Parkway extension and overpass. The county took control of the property through eminent domain claiming the need to build the overpass. The developer counter claimed the property had much higher value than the County offered. Colico planned to build dorms for FGCU students and claimed high loses. The courts agreed, but the County planned to appeal the decision. But when attorneys for the County said a win on appeal was not likely, County commissioners were urged to accept the settlement offer.