An agreement would include selling 25 acres of county land for $14.125 million to DSUS developer Young-hwa Song. DSUS would then develop a mixed-use city center, like job centers, residential units, hotels, a multi-story commercial office tower, dining and entertainment space. The investment could have an impact of $1.2 billion. PHOTO/NEOCITY
Calling it the first deal that puts the “City” in NeoCity, Osceola County commissioners Monday approved an agreement to exclusively negotiate with the American subsidy of a Korean company to develop a city center at the tech farm.
The County and DSUS, LCC will have a window through Dec.