Old Amway Arena being turned into a Village
February 8, 2011, 8:25 am
Starting this fall, the empty old home of the Magic will be no more. The city of Orlando wants to spend at least two million of taxpayer money to turn the arena into a creative village. The big picture for the creative village is to have housing, education, retail and high tech jobs all in the 68 acre allotted land. The city could net 120 million dollars from the project over the next 20 years. Commissioner Phil Diamond expressed his concern that the project will be a burden to city tax payers and that this new village iss not the same plan that was pitched to him last year. Previously, commissioners voted six to one to move forward with the village plan. The city will collect 10 million in grant money this summer to go towards the project. The old Amway will get knocked down in early fall and construction on the village will begin in late fall.
Source: My Fox Orlando