6 Years Late, $13 Million in Debt, County Concedes Incompetence Running Utility as It Seeks Plantation Bay Bailout (FL)

/ Owner - December 17, 2019

Six years ago, the Flagler County Commission, behind then-Administrator Craig Coffey’s deal-making, agreed to buy the Plantation Bay utility from developer Mori Hosseini for $5.5 million in a late-night vote despite public qualms that the county was acquiring a clunker, an official government consortium’s analysts that placed the utility’s value at no more than $1 million, and the reservations of three commissioners, though two voted for the deal anyway.     Read the article………………………………

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