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The organization cleared the land and developed multi-acre farming lots. [5] A few months after the sale, the post office at Parmalee was closed, and the area ceased to go by that name, being largely absorbed into the growing nearby town of Myakka City. [6]
Myakka is a name believed to be derived from an unidentified Native American language, from the same word used as the namesake for Miami. [6] Myakka City was founded by Frank Earl Knox (1870–1950) in 1915, after purchasing early pioneer William Durrance’s land a year earlier.
Myakka soil is the official state soil of Florida, which has more than 1,500,000 acres (6,100 km 2) of land composed partly or entirely of Myakka soils, [1] out of its total acreage of 42,084,928 acres (170,311.66 km 2). This soil is primarily located in broad flatwoods in irregularly shaped areas ranging from 5 to 500 acres in size.
Gulf American Land Corporation (GALC) was a land development company in Florida founded by brothers Leonard and Jack Rosen. During the late 1950s and 1960s, GALC was the largest land sales company in the United States. [2] The company is noted for its role in the development of Cape Coral, and pioneering the sales method of installment land ...
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[4] [10] Purchase from the family and sale of the preserve lands to the State of Florida and Lee County closed on July 31, 2006. [3] [4] As part of the arrangement, Kitson & Partners received $350 million for the land, with approximately $310 million provided in the final budget of Governor Jeb Bush and $40 million from Lee County, Florida. [12]
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