NEW SMYRNA BEACH, Fla. - A longtime debate over a piece of land in New Smyrna Beach is heating up as four different offers are currently on the table to develop commercial properties on the North Causeway.
Channel 9's Blaine Tolison learned developers have proposed using the city-owned land to create a Caribbean-style village.
The 4-acre waterfront lot is owned by the city and it's getting more attention than it ever has before from developers.
"This property is such a gem," said Kaisey Rosell of South Park. "It's so beautiful and there's very little bit left of New Smyrna waterway that's actually available for development."
In the past, plans for the lot have failed to stay afloat, including one local businessman's proposal to build a floating hotel out of a historic steamboat.
The city is now looking at four different offers. One offer is from a company already building a marina with a restaurant and Key West-style homes along the Causeway.
"It's been quite challenging, but I feel like we have a pretty good handle on it and we're ready to kind of extend and do it again," said Rosell.
The other proposals include a construction company that wants to build homes priced at $1 million, a company known for building grocery stores and an individual who wants to build a marketplace.
The proposals will be reviewed then ranked by city staff next week.
Once city staff rank the project proposals, city leaders will eventually vote on which one they want to move forward with.
City officials said it may take up to six months for a final decision to be made.