Orange Beach drops plan to buy RV park as $14M price deemed too high
The City of Orange Beach, Alabama, has abandoned plans to purchase the closing Beech RV Park. The asking price of $14 million was considered too high,...
The City of Orange Beach, Alabama, has abandoned plans to purchase the closing Beech RV Park. The asking price of $14 million was considered too high, as the property is estimated to be worth about $7.5 million. The city council decided against ordering an appraisal, and the 23-acre site on Orange Beach Boulevard will return to the open market. The owner of Flora-Bama holds an option to buy it for $14 million and had discussed transferring that option to the city.