LAKE WORTH , Fla. - The City of Lake Worth plans to cut ties with a realty company that was part of the beachfront revitalization plans.
On Tuesday’s Lake Worth City Commission agenda, the city indicates it plans to terminate an agreement with WG Compass Realty Partners.
WG Compass Realty Partners was under contract to lease commercial space at the Casino building.
The nearly century old Casino building is scheduled to be refurbished.
The expected cost of that refurbishment is 6 million dollars and city leaders have previously said breaking ground is scheduled for sometime this year.
According to information within the March 1st city commission agenda, the city asked WG Compass Realty for information outlining financial viability of prospective tenants for the Casino building.
The agenda then goes on to read, “Based on the city’s need for an expeditious information, staff has recommended that the city begin the process of selecting a different broker for this project.”
WB Compass Realty says the company resigned from the contract because it didn't agree with how the project should be approached.
Alyson Fink has lived her whole life in Lake Worth and talked about the importance of the Casino project while enjoying a beachfront walk Monday afternoon.
"We want to do everything that we can in this town to save this Casino because this will generate money into this town," said Fink.
City leaders hope to start rehab work on the Casino building this June.
Businesses within the building will have to temporarily close or move during construction, which is expected to last at least 10 months.
Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.