The City of Margate has planned a development on the east side of SR-7 at the end of Margate Blvd. The land was purchased by the Community Development Agency for about 33 Million Dollar over the period of several years.

About a year ago (middle of 2015) this property was assessed at 30 Million Dollar (according to the director of the CRA) and only in July or August of 2016 the property was sold to a developer (or I should say given away) for 10 million Dollar. For the taxpayers of Margate that is a loss of at least 23 Million Dollar.

But that is not everything. Supposedly the developer was also promised a commission ranging from 2 million to as high as 10 million. The numbers vary from source to source. The plan is to build over 900 apartments and an Amphitheater. The ratio of residential to commercial use is planned at 75% to 25% which is, considering the location and considering the opinion of the residents, ridiculous.

The amount of traffic and the noise this development will cause will change the City of Margate forever. The project was pushed and approved by the CRA and the Margate City Commission despite resistance from the residents.

The government to serve the people became a dictator ignoring the people.

The project is currently under contract and in review. My understanding is that the contract has been fully executed at this point, not sure what state the contract is actually in. By speaking to many residents of Margate I received confirmation over confirmation that the only party benefiting from this development is the builder.

If you live in Margate and are as much disturbed about the CRA's deafness to the needs and wishes of the residents in Margate, I urge you to sign this petition to stop the current plans for the downtown area development and demand the plans to be revised, taking in consideration the needs and wishes of the residents of Margate.