Margaritaville gets nod for $100M resort
The city of Hollywood, Fla., said it would give the first shot at a $100 million beach resort development project to Margaritaville Enterprises.
The Miami Herald reported Thursday that it came down to a choice between the themes of “Cheeseburger In Paradise,” and “Somewhere Over the Rainbow,” the themes proposed, respectively, by Margaritaville and Planet Hollywood
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It was also billed as a choice between songwriter Jimmy Buffet and Planet Hollywood investors Sylvester Stallone and Bruce Willis, but Mayor Peter Bober said it was a more practical decision than choosing favorites.
“This is very valuable land. It belongs to the public. Every year this land remains vacant becomes money the city loses,” Bober said.
Margaritaville has 90 days to negotiate concrete deals with the city or the city could choose to start the selection process over again or offer to negotiate with Planet Hollywood, the newspaper said.