The city is poised to give developers a prime piece of waterfront with Fort Pierce Inlet access — a key to Fisherman's Wharf's redevelopment — in exchange for less valuable Indian River Drive property.
wptv.com
Swap or no swap, the city will be paying off the more than $5.4 million it owes on the wharf land for the next 20 years.
Some say it's a bad deal, that the city is giving up too much — for now and the future. Others say it's the only way to make good use of the wharf property so it can generate revenue for the city and local businesses.
However, all opinions could be moot because Mayor Linda Hudson said she doesn't think the swap is equitable. A no vote from her next month would split commissioners — with one abstaining because of a conflict — and kill the deal in a 2-2 tie.
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