New development agreement brings Osceola’s NeoCity vision closer
After more than 2½ years of negotiations, Osceola Commissioners are set to vote Monday on a contract with the New York developers who were selected to build the mixed-use city center in the county’s NeoCity tech hub.
The development agreement revises the terms from the 2022 memorandum of understanding with co-developers Sciame Construction and Edward J. Minskoff Equities, and updates the phasing to account for the new Performing Arts Center that will anchor the city center, according to a report in GrowthSpotter. It’s an important milestone for the NeoCity vision of an arts-focused, technology hub.
Earlier this year, Commissioners issued $125 million in bonds backed by the county’s Tourist Development Tax for the performing arts center. Assistant County Manager Amanda Clavijo said the county will issue a Request for Proposals in the first quarter of 2026 for the design of the center and will launch a fundraising campaign for the project. “That will be a major step in 2026,” she said.