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February 7th, 2010 at 4:10 pm

Private investors, Lee County all eyeing possible purchase of beachfront property (Naples Daily News)

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Fifth Third Bank now owns Fort Myers Beach property worth an estimated $6 million.Unfortunately, the bank is owed more than $36 million.Unfortunate for the bank, but perhaps not for beachgoers. Lee County commissioners have discussed buying the beachfront portion of the foreclosed property, a choice piece virtually at the foot of the Matanzas Pass Bridge, to turn it into a park.But the county’s ...

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