Edition VII · Fri Oct 16 · St. Petersburg

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Old Florida Money
Old Florida Money
 
 
 

Politics · Houses · Teams · People

 
Painted plate: a silver-haired man, seen from behind, sits up in a plain grey wooden bed standing on open sandy scrubland and holds a phone up beside his head. Links to the Lead story.
Painted plate: a silver-haired man, seen from behind, sits up in a plain grey wooden bed standing on open sandy scrubland and holds a phone up beside his head. Links to the Lead story.

Plate I · The Fourth Vote Under Open Sky

The Lead · Teams · Tampa Bay

Rays bond vote ties 3-3, then a sick councilman dials in to pass it

Tampa City Council deadlocked 3-3 on Thursday, Oct. 15, on asking a judge to approve up to $80 million in bonds for the city’s share of the Rays ballpark. Then Bill Carlson, absent with a stomach bug, joined virtually and it passed 4-3, with Lynn Hurtak, Charlie Miranda and Guido Maniscalco voting no (Tampa Bay Times; Florida Politics). The vote borrows nothing. Issuing bonds takes a separate council vote, the city attorney says Tampa is obligated for the $80 million either way, and the first $20 million payment is due in January (City of Tampa; Florida Politics).

Tampa’s City Council deadlocked 3-3 on Thursday, Oct. 15, on asking a judge to approve up to $80 million in bonds for the city’s share of the public funding for the Rays’ $2.36 billion ballpark, until council member Bill Carlson, absent with a stomach bug, joined the meeting virtually and voted yes (Tampa Bay Times; Florida Politics; FOX 13; Development and Funding Agreement). The 4-3 vote borrows nothing yet, but the city attorney says Tampa is obligated for the $80 million either way, and the first $20 million payment is due in January (Tampa Bay Times; Florida Politics). After voting, Carlson said, “I’m going to go back to bed,” the Tampa Bay Times reported, and council member Lynn Hurtak, who…

Old Florida Money desk · Fri Oct 16 · Sources: City of Tampa (agenda cover sheet, finance memo, bond resolution); Tampa Bay Times; Florida Politics; FOX 13; WUSF; Bay News 9; DRaysBay; Stadium Development and Funding Agreement; MLB Stats API

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Engraved plate: a heron stands on a stone pedestal between classical columns in a closed hall, two arched steel vault doors behind it. Links to Money Pulse on the site.
Engraved plate: a heron stands on a stone pedestal between classical columns in a closed hall, two arched steel vault doors behind it. Links to Money Pulse on the site.

Plate II · The Counting-House Wire

Money Pulse

Politics

Byron Donalds’ PAC sent Florida’s GOP $24M in September, and the newest governor’s-race polls run from 11 points to 2

State records show the PAC paid the Republican Party of Florida $31,005,621.21 in 10 payments, $24 million of it in September ($8 million on Sept. 28), and spent $93.6 million through Oct. 2 (Division of Elections; our sums). Stetson’s Oct. 13 poll has Donalds 52, Jolly 41 among modeled likely voters, and a Democratic consultants’ poll released Oct. 14 has 46-44; reports covering Oct. 3 to 9 are due Friday (Stetson University; Florida Politics; Division of Elections).

Houses

Stephen Ross’s next hotel: Palm Beach County puts $26M of reserves into a deal set up so his company pays no property tax for up to 97 years

Commissioners voted 6-1 on Sept. 29 to buy the land and the finished 400-room convention hotel in West Palm Beach from a Related Ross affiliate and lease both back for up to 97 years; the county’s consultant values the tax benefit at about $2.5 million a year (county agenda; WPTV; The Real Deal; Palm Beach Post). Two neighborhood groups sued Oct. 14 to void the vote over short notice, WPTV and The Real Deal report; the county attorney has said it gave more notice than the 24 hours the law requires (WPTV).

Politics

Hope Florida: state records show $444,486.56 paid to three law firms that, the Trib reports, represented officials in the grand jury fight

Boies Schiller Flexner got $195,652.50 and Continental PLLC $111,387.50 through the governor’s office, and Gunster $137,446.56 through the Agency for Health Care Administration, from Dec. 15, 2025 to Oct. 5, 2026; the records name no clients, and $524,912.52 more is booked for two of the firms this fiscal year (FACTS; our sums; Florida Trib). The Oct. 7 order erasing the report is open to rehearing through Oct. 22, and the two-year window the Florida Trident reads for campaign-finance charges opens Saturday (1st DCA opinion; WLRN/Florida Trident).

Politics

Isaias: Escambia overrules its administrator to bring back its biggest debris hauler, and DeSantis has yet to request a major disaster declaration

Commissioners voted 3-1 on Oct. 15 to reactivate AshBritt; the county puts its own repair bill at about $64M, $54.87M of it debris, and meets FEMA’s Public Assistance threshold, but as of Oct. 15 only the Oct. 9 emergency declaration was in place (Pensacola News Journal; WEAR-TV; Escambia County; OpenFEMA). Modelers put insured losses for the whole landfall at $1B to $4B, Karen Clark & Co. at about $3B (Verisk; Artemis; Insurance Journal).

Politics

FPL’s Florida politics memo stays at the companies’ lawyers’ offices as Virginia weighs the Dominion deal

Virginia’s chief hearing examiner ruled Oct. 8 that staff and respondents who signed a confidentiality agreement may read the 2021 “Robo Memo” only in person at the companies’ attorneys’ offices, and the ruling does not decide whether its allegations are true (Virginia SCC; The Center Square). NextEra Vice Chairman Armando Pimentel calls them unsubstantiated; staff testimony is due Oct. 19, public comments now close Nov. 12 and the evidentiary hearing opens Nov. 17 (Tampa Bay Times/Miami Herald; Virginia SCC).

Houses

Lennar’s Miami spinoff said it would have no tenants. A shareholder suit says it bought hundreds of Lennar homes to rent

The Oct. 9 class action against Millrose Properties and two of its executives rests on Hunterbrook Media’s report that Millrose bought more than 700 Lennar homes, an estimated $200M or more, in about a month, including houses in Ocala and Wesley Chapel; Hunterbrook’s investment arm was short both stocks, and Lennar and Stuart Miller are not defendants (complaint; Hunterbrook Media; The Real Deal).

 
Painted plate: a silver-haired man in a linen suit, carved in pale marble under cyan wire mesh, holds a carved model of a raised wooden house on both open hands in a marble hall. Links to the Houses desk.
Painted plate: a silver-haired man in a linen suit, carved in pale marble under cyan wire mesh, holds a carved model of a raised wooden house on both open hands in a marble hall. Links to the Houses desk.

Plate III · The Estate, Presented

This edition, by desk

Houses

An ex-CIA official admits he faked a secret program to buy $102.6M of Palm Beach and Jupiter Island real estate, and the four properties are listed for sale, The Real Deal and the Palm Beach Daily News report. Palm Beach County will put $26M of reserves into Stephen Ross’s next hotel, in a deal set up so his company pays no property tax for up to 97 years. Amendment 3 leaves the school line of your property tax bill untouched while at least 13 school boards ask voters to keep or add a 1 mill school tax, and Florida Realtors’ $19.5 million is still the yes side’s only money. A shareholder suit says Lennar’s Miami spinoff bought hundreds of Lennar homes to rent, and Larry Ellison is asking a North Palm Beach record $165M.

Ex-CIA official admits faking a secret program to buy $102.6M of Palm Beach and Jupiter Island real estate

Stephen Ross’s next hotel: Palm Beach County puts in $26M of reserves, in a deal set up so his company pays no property tax for up to 97 years

Amendment 3 skips your school tax, and school boards are on the same ballot

Florida Realtors are still Amendment 3’s only donor, and Miami-Dade Mayor Daniella Levine Cava runs a third committee against it

Lennar’s Miami spinoff said it would have no tenants. A shareholder suit says it bought hundreds of Lennar homes to rent

Larry Ellison and WeatherTech’s David MacNeil split the Manalapan lot next door, then kept buying

Open the Houses desk

Politics

Who pays, and who answers for it. Byron Donalds’ PAC sent Florida’s GOP $24M in September, and Stetson’s new poll has him up 11. State records show $444,486.56 paid to three private law firms that, the Trib reports, represented officials in the Hope Florida fight, and the order erasing the grand jury report is open to rehearing through Oct. 22. Escambia overruled its administrator to bring back its biggest debris hauler while DeSantis has yet to request a major disaster declaration for Isaias. Charlie Crist’s St. Pete committee pays two firms listed at the Florida Politics address, FPL’s parent keeps its Florida politics memo at its lawyers’ offices in Virginia, and Boca’s GEO Group sold ICE its Adelanto complex for $950M.

Byron Donalds’ PAC sent Florida’s GOP $24 million in September

Hope Florida: state records show $444,000 in public money to three law firms the Trib ties to the grand jury fight, and the order erasing the report is open to rehearing until Oct. 22

Pensacola’s Isaias cleanup: Escambia overrules its own administrator to bring back its biggest debris hauler, and DeSantis has yet to request a major disaster declaration

Charlie Crist’s St. Pete committee pays two firms listed at the Florida Politics address

Big Sugar, GOPAC, an auto-insurance agency and you: who’s paying for the governor’s race

Boca’s GEO Group sells ICE its own Adelanto detention complex for $950 million, and keeps running it

FPL’s parent wins a lawyers’-office-only reading of its Florida politics memo in Virginia

Open the Politics desk

Teams

Tampa’s council tied 3-3 on the Rays’ bond-validation vote Oct. 15 until a sick councilman dialed in to pass it 4-3; the city attorney says Tampa owes its $80M either way. Cleveland beat the Rays 3-2 in Game 3 on Oct. 15 to lead the ALCS 2-1 before Friday’s Game 4. The Bucs have floated a two-thirds public tab for a $1B Raymond James renovation, and the Seminole Tribe’s suit accuses DraftKings of secretly bankrolling years of challenges to its compact.

The Lead, above

Bucs float a two-thirds public tab for Ray Jay as the first seat bid comes in under budget

The Seminole Tribe sues DraftKings and accuses CEO Jason Robins of racketeering, calling its Florida app an illegal sportsbook

Open the Teams desk

People

Forbes still ranks Jeff Bezos Florida’s richest, about $374B on its Oct. 15 real-time mark, and his Blue Origin wants the FAA to allow 50 New Glenn launches a year from Cape Canaveral. Ken Griffin paid Moishe Mana a reported $1.1B for Wynwood land that counts toward his $2B Carnegie Mellon campus gift, gave Baptist Health $25M more and has a Nov. 3 Planning Board date for his Miami Beach helipad.

Bezos is still Florida’s richest, and his rocket company wants 50 Cape Canaveral launches a year

Ken Griffin’s Miami fortnight: the Wynwood land under his Carnegie Mellon campus, $25 million more for Baptist Health and a helipad fight

Open the People desk

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Old Florida Money is Oaktree Reserve’s public Florida capital brief: the named checks behind houses, teams, races, and public votes across the state.

Plates are painted illustrations, not depictions of the people named in the stories.

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