Fort Lauderdale City Hall Deal Revisited

Real Estate News Today | 2 Min News | The Daily News Now! · Jun 28, 2026 · 2m

Fort Lauderdale’s city hall saga just got a major twist: the developer’s revised proposal slashes the price by $50 million to $217.1 million and shifts payment to milestone-based terms. The original deal, rejected in April for its $268 million cost and 11% interest loan, would’ve cost the city nearly $725 million over 30 years. Now, commissioners weigh this new plan alongside buying existing buildings — Ivy Tower ($227.4M), One East Broward ($289M, staff’s top pick), or the federal courthouse (costly, but risky due to asbestos/lead). A vote Thursday won’t bind them — just opens the door to…