Florida golf course lease sparks lawsuit over community control [USA TODAY]
VINCI SA UNSP/ADR (VCISY)
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Source: USA TODAY
Development Co. for nearly 50 years has sparked a lawsuit over the future of one of Sarasota's oldest and largest communities. The Meadows Community Association board voted 6-3 last month to authorize its president to sign the contract. The deal would transfer control of 500 acres — including three, 18-hole golf courses and vast expanses of open space — to a subsidiary of Benderson Development, which owns and operates the nearby Mall at University Town Center. The lease comes after years of operating losses pushed the country club into bankruptcy and forced two of its courses to close. Under the deal, Benderson would pay off the mounting debts and work to reopen the courses. But the agreement has divided residents. Some homeowners say the negotiations were conducted with too little transparency and fear the deal gives the developer too much control over land long seen as the heart of the community. One of them, Donald Breece, filed a lawsuit arguing the contract goes far bey
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