BRADENTON — The Bradenton Downtown Development Authority has recommended selling the old Manatee Inns property on 14th Street West to Beneficial Communities for $700,000.
Beneficial attorney Casey Colburn of Sarasota’s Colburn Law Firm made final modifications to the agreement. The DDA wants to retain rights to intellectual property such as environmental studies performed on the property. That helps in case Beneficial fails to obtain financing to purchase and redevelop the parcel at 1404 14th St. W., near Village of the Arts into workforce housing.
“We don’t have a problem turning over what we can, but we added language that won’t set ourselves up for a lawsuit because these studies will be very specific to this project,” Colburn said Tuesday.