“In January of 2019, we executed the omnibus agreement between the county and Mote for the construction of the aquarium. “This is the culmination of about four years worth of work to get to the point to where we can convey the property so that we can begin the construction of the aquarium,” Assistant County Administrator Brad Johnson told commissioners. A parking study by the county to assess parking requirements for the site.A construction agreement that specifies the responsibility of Mote and the county for the duration of the aquarium construction.Insurance requirements and specify all insurance requirements for each step of the process.A 40-year lease that allows Mote to build and operate the aquarium on site.Purchase and sale agreement that allows the county to convey the property to Mote for construction and operation of aquarium.Two-year lease that allows Mote to apply for land entitlements.Access agreement that allows Mote to access the property to complete all due diligence and conditions precedent.30, 2019, the County Commission approved an omnibus agreement for a science education aquarium project between the county and Mote Marine Laboratory and Aquarium, which included: There, the nonprofit marine research organization plans to build a new 110,000-square-foot aquarium, a project years in the making.
Last week, the Sarasota County Commission unanimously voted to convey the site near I-75 to Mote Marine Laboratory and Aquarium for $100.
In this time of rapidly escalating real estate prices, that kind of deal is unheard of but not impossible if you’re planning to build a tourism-generating, $130 million aquarium on 11.76 acres of formerly county-owned land between The Mall at University Town Center and Nathan Benderson Park. Adjacent to some of the most valuable inland property along the central Gulf Coast.
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