Wednesday, February 23, 2005

Bonita Bay Plans LaBelle Development

LABELLE, FL. -- The Bonita Bay Group plans to develop 4,700 acres just
south of LaBelle along State Road 29 with a potential 15,000 homes along
with stores, a public park and a trade school campus. The property, now
under contract with the Bob Paul Family is now a citrus grove. The Paul
family had donated a parcel of land for the Educational Center of Southwest
Florida several years ago.

The company says it will be three to five years before ground is broken and
the project would take 30 years to complete. An amendment to the
comprehensive plan of Hendry County will be required since the land is now
zoned agricultural. The largest land subdivision in Hendry county still is
Port LaBelle with 36,000 acres of quarter to half acre lots, and was
originally platted in the 1960s. The majoritiy of Port LaBelle is still
vacant lots owned by mostly out of state owners. Hendry county has a current
population of about 39,000.

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