WMFE is Central Florida's primary provider of NPR programming on 90.7 FM and Classical Music on 90.7 HD2. Part of the community since 1965, WMFE focuses on providing quality national and local news and programming. We inspire and empower all Central Floridians to discover, grow and engage within and beyond their world.
Support for 90.7 WMFE is provided by

Orlando and BBIF property


Play Audio


Orlando Weekly’s Erin Sullivan talks about the city of Orlando and the announcement that it would buy back land from the Black Business Investment Fund for its fair-market value of $2 million dollars- more than double what it sold it for to make way for its plan to build a new soccer stadium downtown.

 

Back in 2005  the city sold the Black Business Investment Fund a piece of property near the corner of Church Street and Parramore Avenue for $814,000.The BBIF, a community lender that specializes in loaning money for projects in under served communities, had grand plans for that piece of land –it said it would be redeveloped into Carver Square, a mixed-use development that would include residential units, retail space and a theater. The idea was part of a plan to revitalize Parramore and honor the area’s African-American community.

Nine years later, that piece of property is still vacant and in 2008, the BBIF borrowed even more money from the city –$878,000 –to get the project started. But nothing happened, and nobody seems to know exactly where that money went.

The city announced recently that it would buy back that land from BBIF for its fair-market value of $2 million –more than double what it sold it for all those years ago –to make way for its plan to build a new soccer stadium downtown.


Get The 90.7 WMFE Newsletter

Your trusted news source for the latest Central Florida news, updates on special programs and more.

GET THE LATEST
Stay tuned in to our local news coverage: Listen to 90.7 WMFE on your FM or HD radio, the WMFE mobile app or your smart speaker — say “Alexa, play NPR” and you’ll be connected.

WMFE Journalistic Ethics Code | Public Media Code of Integrity

TOP