Top 200 Taxpayers: Why a vacant lot is worth more than The Breakers

Palm Beach Gardens has 16 of the 200 most valuable properties in Palm Beach County, with Gardens Mall ranked second, behind only the Boca Town Center Mall.

In the rarefied air of the 200 largest taxable properties in Palm Beach County sits an empty lot.

Ah, but what an empty lot.

Hedge fund manager Ken Griffin’s vacant 12 oceanfront acres on Palm Beach make up the third-most valuable property in Palm Beach County, valued for tax purposes at $223 million.

That’s a higher taxable value than The Breakers hotel, JFK Medical Center and Florida Power & Light Co.’s Juno Beach headquarters. 

The only individual properties with higher values? The Boca Raton and Palm Beach Gardens malls.

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How much is Palm Beach Gardens worth?

Rise in city’s value slowed by coronavirus pandemic; Gardens Mall dips.

The pandemic has hit Palm Beach Gardens in the pocket book.

The city’s 10 most valuable properties, worth more than $1 billion, lost $35 million in value as of Jan. 1, as determined by the Palm Beach County property appraiser.

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Stoplight feud yields peaceful accord

After county caved, Gardens makes next move to allow installation of Bay Hill Estates stoplight.

While Palm Beach County and Palm Beach Gardens are heading to court over millions in developer fees, the saga of the Bay Hill Estates stoplight appears to be reaching a peaceful conclusion.

After getting city council permission May 6 to sue the county over its refusal to allow the stoplight, Palm Beach Gardens City Manager Ron Ferris sent the county an email late Tuesday accepting its conditions to move forward.

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Palm Beach County sues Gardens over developer fees

County says city just can’t do away with long-standing rules.

Negotiations to resolve a city-county dispute over at least $1.7 million in developer fees have failed, resulting in Palm Beach County suing Palm Beach Gardens Tuesday.

In its broadest form, the suit seeks to resolve a disagreement over county power. At issue is whether cities can collect money from new developments to resolve vexing local transportation issues without passing along fees to the county for regional road work.

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