City officials are in talks over buying the City Center property owned by enigmatic developer Lily Zhong, according to a bombshell legal filing last week.
The filing — part of the Securities and Exchange Commission investment-fraud case against Zhong — reveals that a receiver over Zhong's frozen assets has been "in constant contact with the city of Port St. Lucie" since Nov. 12 about possibly selling the land to Port St. Lucie.
"The receiver and Port St. Lucie are currently exploring the potential sale of the City Center parcels to the city," according to the Jan. 29 preliminary report from receiver Michael Goldberg.
Assistant City Manager Daniel Holbrook on Monday declined to provide details on the discussions.
The City Council will be briefed at its winter retreat, March 3 and 4, Holbrook said. "Until then, I don't have a lot of updates."
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