FLORIDA LAND BOOM
BIG SCHEME COLLAPSES PLANS FOR COLONY. ELABORATE HOMES BUILT. BY CABLE—PRESS ASSOCIATION —COPYRIGHT NEW YORK, March 10. Another of the vast .schemes for the creation of a .social colony in Florida, collapsed as part of the general deflation. of the land boom, with the filing of a petition of involuntary bankruptcy against the Mizner Development Corporation to-day. , This concern planned to deve.op 16.009 acres in the vicinity of Palm Beach as an annate and exclusive colony for the wealthy.- Forty-One million dollars worth of band were cold, and prominent figures in the world or finance and international society appeared on the board of directors. Snkndid homes, many of them virtual Soandsh palaces, were built, and extensive ‘and’seaping work was done, but afterwards many directors with drew, expressing dissatisfaction with the affai-s of the concern and. despite various attempts n't heoTjfatiisat.ion. w nreject failed.
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Hawera Star, Volume XLVI, 11 March 1927, Page 5
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146FLORIDA LAND BOOM Hawera Star, Volume XLVI, 11 March 1927, Page 5
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