The City of Orlando approved the Lake Nona Planned Development (PD) under Ordinance number 2021-46 on July 19, 2021. This ordinance committed TDCP, LLC to convey to the City 14.2 acres of developable land for use as a City park, in exchange for park impact fee credits. The park will be located on the west side of the proposed elementary school along the south side of the main east-west connector road in the Poitras development.
The developer will grade and provide utilities to the site, with stormwater retention being located off-site. The City will be responsible for constructing the park improvements. Family Parks and Recreation (FPR), along with the developer, are beginning to plan for park programming. City staff have negotiated a per-acre price of $450,000 per acre, which equates to $6,390,000 in total park impact fee credits.