Daily Archives: November 26, 2015

Feds freeze assets of PSL City Center developer Lily Zhong

PORT ST. LUCIE — The Securities and Exchange Commission has frozen the assets of absentee City Center developer Lily Zhong, the agency announced Thursday. It was unclear Thursday how much of Zhong’s money is involved. The SEC alleges Zhong used money from foreign investors, intended for Port St. Lucie’s City Center and residential projects in…

What does it take to make a bad idea die? In the case of an overblown renovation of Delray Beach’s Old School Square, the answer is: quite a bit. Last week, the Community Redevelopment Agency voted 4-1 to proceed with a makeover of the 4-acre campus in the heart of the city’s downtown, in clear…