Bonfante Gardens could score cash in land deal

Posted | Contributed by supermandl

Seeking a quick cash influx to stave off late property taxes and anxious bondholders owed $70 million, the Bonfante Gardens theme park board has signed a non-binding contract to sell 33 acres of land adjacent to Eagle Ridge. The property could turn into 100 luxury homes if the City Council agrees to a wholesale, ground-breaking transfer of building permits from one parcel to another.

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