Port to sell land to Keystone Coal - Puget Sound Business Journal (Seattle):

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owner Tom Scholl will receive $6.6 millionb for the property in exchange for payinghis attorney’s legal fees of $6.6 which the authority was ordered to pay. Under the Scholl won’t pursue legal action against the authoritu for business allegedly lost when the 70 acrese at the northern terminal of Talleyrandd Avenue were under threat of eminent Jacksonville Port Authority Executive Directoe Rick Ferrin said a bulk materials terminal could have been built on the38 acres, but the authoritg decided to sell due to its need for capitapl and desire to focus on building Ltd’xs terminal at Dames Point.
He added that the economic impact of the 38 acree would be greater if it was combined with the otherr68 acres. Keystone Coal plans to build a $20 million coal terminaol on part ofits 78-acrs parcel. The authority bought the 38 acres forabout $5.7 milliobn through eminent domain from LLC. Following the $61 millionm verdict for the 70 acresw of land andthe authority’s balking on the Judge Richard Watson ordered the authority to pay $10.4 million to lawyers who defendedr Keystone.