Florida has acquired the Crossroads Shopping Center in Lake Buena Vista, Florida, and plan to bulldoze the area to build a new road to Walt Disney World.
The state has reached a $198 million agreement to acquire a popular shopping complex at Disney World’s front door, making it the largest eminent domain settlement in Florida’s history, according to the lead attorney representing the property owner.
The Florida Department of Transportation’s plan is to build a new interchange for the “Interstate 4 Beyond the Ultimate” expansion project at what is now the Crossroads of Lake Buena Vista near the often congested Exit 68, according to The Orlando Sentinel.
Attorneys for Florida Department of Transportation and Crossroad’s owner U.S. Cities Fund signed the final judgment in late 2020 that outlined payments of about $39 million for the 25 tenants — the largest going to Gooding’s Supermarkets for $15.7 million, according to Orange Circuit court documents.