Summary of TerraCap Workshop of 2.20.13
The TerraCap Rezoning Neighborhood Workshop of 2.20.13 was attended by roughly 65 residents of the East Bee Ridge Communities. The point of most pressing interest to many at the meeting -- the size of Racetrac , and the potential nuisance and safety factors of its 24-hour operation -- was not addressed, because Racetrac Petroleum Inc. recently chose to remove itself from the rezoning petition. TerraCap’s first act, upon purchasing 40 acres of the BRPOC for $3.2 million in 2011, was to sell two acres at the intersection of North Mauna Loa Blvd. and Bee Ridge Rd. to Racetrac for $1.35 million . The rezoning petition is limited to 7.7 acres which TerraCap, the Canada-based developer, is asking to change from PCD to CN. See more about those two kinds of zoning here. The Workshop disclosed little in the way of new information. Peter Dailey of Dailey Design, who represented TerraCap and is the consultant working for them on permitting issues, said the rezoning to CN would replace an ...