Coronavirus Florida: Star-crossed Gulfstream Hotel in Lake Worth Beach hits new roadblock

Coronavirus Florida: Star-crossed Gulfstream Hotel in Lake Worth Beach hits new roadblock

Jorge Milian @caneswatch Apr 10, 2020 at 4:45 PM The coronavirus pandemic has delayed the planned purchase and renovation of the Gulfstream Hotel in Lake Worth Beach. * TO OUR READERS: This content is being provided for free as a public service to our readers during the coronavirus outbreak. Please support local journalism by subscribing to The Palm Beach Post. If you want breaking coronavirus news directly in your inbox, sign up for our Coronavirus Newsletter. * LAKE WORTH BEACH — There were no commission seats up for election in Lake Worth Beach last month, but that doesn’t mean a big winner didn’t emerge. Voters overwhelmingly approved a ballot question designed to allow the historic Gulfstream Hotel to be renovated and re-open after being shuttered since 2005. >>WANT Coronavirus news as it happens? Sign up for our Breaking News Coronavirus email The vote — which permitted raising the height limit on the block where the Gulfstream sits on the eastern edge of downtown — opened the doors for Amrit and Amy Gill, a husband-and-wife team of developers from St. Louis, to close a deal to purchase the hotel and embark on a $100 million face-lift. It also raised the hopes of small business owners that they finally had the tourist hub needed to bring a flow of customers into their shops and restaurants. Then came the coronavirus pandemic. In February, the Gills told a packed house at the Lake Worth Casino that they expected to close a deal with Gulfstream owners Bill Milmoe and Carl DeSantis by the end of June. Amrit Gill said this week he’s received an extension and the purchase date has been pushed off to October or November. Potentially more worrying is that many of the financial institutions that were so eager to back the […]

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