Florida seeks to buy land from area citrus company for $28.5 million

Alico also sold about 5,500 acres to Florida for permanent protection under the Florida Forever program in 2019.

By Business Observer Staff
| 11:41 a.m. May 31, 2020
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Charlotte–Lee–Collier

FORT MYERS — Alico, one of the largest citrus producers in the country, has signed an option agreement to sell 10,684 acres to Florida for about $28.5 million.

The deal, for land on the west side of the Alico Ranch, is part of the Florida Forever program, according to a statement. If the state exercises its option, the land purchase could close by the end the firm’s 2020 fiscal year, the release adds.