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The airport is growing fast, tripling traffic in the last several years. And New College of Florida is also trying to expand. The deal aimed to satisfy both, but was nixed by federal aviation authorities.
With regulatory hurdles remaining, closing the deal on the 31 acres New College rents from SRQ airport remains months away.
SRQ airport's president warns "there will be no New College" if it doesn't buy the leased land before prices skyrocket and the school can't afford to stay there.
The governor seeks to turn New College into a conservative, Christian university and the School Board is supporting parents who want to ban books.