According to the SHT in an article titled "It's Curtains for Plaza Verde":
The Sarasota Opera has backed out of the Plaza Verdi development, a move that City Attorney Bob Fournier says will "effectively kill" the $141 million project that involved the city, the opera and a private developer.
Apparently the Opera sees the project as too complicated and disruptive of their schedule when construction coincides with their season.
A regular reader of this blog notes: Now that the Commissioners are "back at square one" according to Bob Fournier, they should now get a legitimate, full blown, certified appraisal of the property, preferably by someone who does not have a "horse in the race". The 4.1 million dollar figure they had on it for Ersa Grae is ludicrous.
Seems like the right thing to do.