State of florida approves option agreement with alico to acquire approximately 10,684 acres of alico ranch

State of florida approves option agreement with alico to acquire approximately 10,684 acres of alico ranch.alico inc - agreement grants state option to purchase about 10,684 acres of alico ranch for about $28.5 million under florida forever program.alico inc - decided to suspend permit approval activities for water storage project at this time.
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