Palm Beach Gardens would have to pay about $5.8 million to purchase a county-owned park site it needs to build a proposed spring training facility off Central Boulevard, according to two independent appraisals released by Palm Beach County officials on Wednesday.
The appraisals, conducted by two separate firms, put the value of the 81.8-acre property at $6.2 million and $5.3 million — for an average market value of about $5.8 million, county officials said. Although residential development is considered the most lucrative use for the land, the appraisals assume a deed restriction would be placed on the property preventing it from being used for anything other than a baseball stadium.
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