State spends $14 million on land purchase from area citrus company

Alico has sold 22,000 acres to the state in the past three years.

  • By Business Observer Staff
  • | 12:37 p.m. April 21, 2021
  • | 0 Free Articles Remaining!
Alico has sold 22,000 acres to the state in the past three years.
Alico has sold 22,000 acres to the state in the past three years.
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FORT MYERS – Alico, one of the largest citrus producers in the country, announced Tuesday that the state of Florida purchased roughly 5,734 acres of Alico Ranch for $14.4 million. 

The purchase was in accordance with an option agreement the two parties entered earlier in the fiscal year through the Florida Forever program, according to a statement. 

 

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