Port St. Lucie acquires City Center property for business development

Dayana Jones

PORT ST. LUCIE — The city purchased 21 acres for its City Center project Thursday, marking the beginning of a new development plan for eastern Port St. Lucie.

Port St. Lucie paid the $450,000 for the 22 parcels after the properties had been tangled in legal disputes for years. The property had been under control of the Securities and Exchange Commission for more than six years after the federal government charged former owner and developer Lily Zhong with defrauding investors.

“It absolutely took a lot longer than we expected and hoped … but we’re just so thrilled and very happy that we’re finally at this point,” Mayor Shannon Martin said Friday.

More:Waste Pro threatening to sever ties with Port St. Lucie, but has it followed through?


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