ORLANDO-It’s in the bag, say academic insiders. This tourist destination will be picked today as the site for Florida A&M University’s new $30-million, 120,000-sf College of Law. The 13-member Florida Board of Regents is meeting in Miami where the winner will be announced. An estimated $1 billion in new commercial development and redevelopment, associated with the college project here, hinges on the outcome.

Insiders aren’t hedging their bets because two movers and shakers already have stepped to the podium, favoring Orlando over neighboring Tampa, FL and Lakeland, FL for the new campus site. The university’s president, Frederick Humphries and Adam Herbert, chancellor of Florida’s university system, are voting for Orlando. The other 11 regents are expected to do the same.

Orlando’s total economic and cash incentive package offer to FAMU is $17 million. Tampa is offering $11 million; Lakeland, $6 million. The university wants the new campus ready for students by 2003. All three cities say they can accommodate that concern but Orlando is offering an immediate, rent-free Downtown site where FAMU could start classes quickly with an enrollment of 200 by spring 2001.

A growing number of commercial sources and law firms are stepping up to the plate with monetary commitments. For example, Orlando Magic is offering $600,000 and Denny’s restaurants say they will for $1 million. And 38 law firms in the city are pledging professional and financial support.

Besides the commercial development factor, the community’s rising interest in the law school construction project intrigues local historians because the university had a shot at a similar project in 1968 but was shut out by the legislature. Lawmakers voted to open a law school at Florida State University instead.

The main campuses of both universities are located in Tallahassee, the capital, a few miles from each other and 230 miles north of Downtown Orlando. FAMU has long been regarded in academic circles as one of the country’s top black universities. FAMU has been trying to open a college of law since the rejection 32 years ago.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.