Scripps Florida, recipient of the richest economic development prize ever awarded in the state, could reap $170 million by acting as landlord for a county-owned site slated for a research hospital.
Scripps pays Palm Beach County $1 a year to lease vacant land at the southeast corner of Interstate 95 and Donald Ross Road in Palm Beach Gardens. Tenet Healthcare, which hopes to build a hospital on the property, would pay Scripps $5 million a year for 34 years to sublease 30 acres, according to a letter of intent between Scripps and Tenet.
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