Published: Nov 27, 2012 5:49 PM EST
Updated: Nov 27, 2012 5:53 PM EST

NAPLES, Fla. - "This project unfortunately got derailed with the economy," said Mayor Sorey.

Mayor John Sorey said this land near Goodlette-Frank and 5th Avenue holds a wealth of possibilities.

"It was going to be another link to tie the city together."

Instead, it now sits empty after the banks foreclosed on the property currently owned by Brompton Road Company. On Wednesday, the land will be sold at the Collier County courthouse.

"Typically the bank will be the one that will have the high bid so they'll obtain the title to the property then they'll put it out to marketing," said Mayor Sorey.

Mayor Sorey said he looked into turning the land into a park, but said he'd rather have the land go to businesses that pay taxes. Still, he fears this land could be sliced up.

"And the pieces won't look very good together, so it's going to be dependent on council and our planning department," said Mayor Sorey.