Tallahassee’s Community Redevelopment Agency on Thursday swapped property with Florida State University in a move officials said would benefit efforts to develop Cascades Park and the Civic Center.
The CRA unanimously accepted transfer of the Firestone Building and the Bloxham Annex along East Gaines Street from FSU in exchange for a 5.3 acre lot next to the Civic Center.
The empty, wooded lot just south of the Civic Center, known as the O’Connell site, will be transferred to FSU in exchange for the downtown buildings and cash to make up a difference in appraised value.