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Rick Piccolo sends documents to the Federal Aviation Administration that prove it knew of and approved the lease of 31 acres it now wants to sell to New College of Florida.
Sheltair is building a terminal and hangars at the Sarasota-Bradenton International Airport.
The development by Sheltair, a privately owned aviation company, will provide prime space for various aviation businesses and leisure travelers alike.
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.
The agency said valuation comparables and planned land use run contrary to the grant assurances required of civil aviation operations.