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The Sarasota City Commission approved an “invitation to negotiate” for developers who want to build a hotel on a vacant Palm Avenue parcel next to a newly-built parking garage.
So far three developers have expressed interest in building a hotel on the site: Benderson Development Co., Strategic Investment Corp. and Dr. Steve Bedi.
City Manager Bob Bartolotta says he'd like to have a contract by June. One requirement for each bidder is to begin construction within 16 months.
— reporting by Robin Roy, correspondent
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