City of PSL: GFC Meeting - 3/9/2026

The City of Port St. Lucie Governmental Finance Corporation held a meeting on March 9, 2026, focusing on several key land acquisition and development projects in the Southern Grove area. The board approved a purchase and sale agreement with Tambon Companies LLC for 7.36 acres intended for a post-acute inpatient rehabilitation medical facility, highlighting the city's emphasis on expanding healthcare infrastructure. Additionally, the board approved a significant land sale to Costco Wholesale Corporation for 22.8 acres, including provisions for the city to complete road construction and utility hookups, marking a major retail development milestone for the community. The meeting also addressed a revised letter of intent with the Sansone Group for the Becker Village Lifestyle Center, a mixed-use commercial and residential development, with plans for joint marketing and infrastructure development. Public comments included a request for land allocation to build a Jewish community center, which city officials acknowledged and committed to considering alongside other development interests. Overall, the meeting featured multiple procurement-related decisions involving land sales, development agreements, and infrastructure commitments to support commercial, medical, and community projects in Port St. Lucie.