Daniel Figueroa IV, Staff Writer | PLANT CITY OBSERVER
The Community Redevelopment Agency hit the reset button on selecting a developer for its decade-old Midtown redevelopment project Tuesday after partner negotiations failed at the contract stage last year.
Taurus Investments Holdings will now be the sole developer of Midtown. Taurus, a real estate investment company with a global footprint and an acquisition value of more than $3.5 billion since its formation in 1976, partnered with Maitland-based E2L Real Estate Solutions for a development proposal the city accepted in July. However, the partnership fell apart during contract negotiations with the city, forcing the city to re-enter the request for proposal stage.