Tonight, around 7:20 p.m., following a two-hour meeting featuring lots of discourse about remaining true to founder Joseph Young's ideals as well as concern over aspects of financing for both bidders, the Hollywood City Commission voted 7-0 for Margaritaville Resort's proposal at Johnson Street on Hollywood Beach, leaving Planet Hollywood second in a two-horse race.The city will now begin a 90-day period of exclusive negotiations with Margaritaville's principals aimed at creating a dynamic presence at the Central Beach area that has seen so many failed proposals over the past few decades.
If negotiations reach a deadlock in 90 days, the city will contact the group that was more formally known as the Ocean Resort and Village by Planet Hollywood and begin negotiations with them aimed at getting something up as soon as possible.
I should have photos and video of tonight's meeting here Thursday morning.
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