General Development Corporation

General Development Corporation

General Development Corporation, also known as GDC, was one of the largest land development companies in Florida. Founded in 1954 by brothers Elliot, Robert, and Frank Mackle Jr., and based in Miami, Florida, they established several communities in the 1950s & 1960s, and promoted cheap Florida land worldwide. Long after the three founders left to start another company, the new management team was exposed for fraudulent land deals in the late 1980s: this led to criminal indictments of the company leadership, and bankruptcy in 1991. Functional assets held by the developer in various cities were turned over to their respective governments thereafter. Subsequent to the indictments of the company leadership, the 11th Circuit Court of Appeals exonerated these men, reversing their convictions and directing that all charges against them be dismissed. Please see, US v. Brown, 79 F.3rd 1550 (1996), for a complete discussion of the case and a general exoneration of General Development Corporation.

Communities developed by GDC

*North Port, Florida
*Port Charlotte, Florida
*Port St. John, Florida
*Palm Bay, Florida
*Port St. Lucie, Florida
*Sebastian, Florida
*Deltona, Florida
*Key Biscayne, Florida

Errata

The company had a court-appointed CEO, Thomas J. Hutchison III, from 1990-1991.

References

* [http://scg.co.sarasota.fl.us/Historical_Resources/Dreamers/dreamer_gdc.asp "General Development Corporation 1954-1991"] : page from the Sarasota History Center
* [http://www.palmbayflorida.org/about/history.html History of Palm Bay]
* [https://home.ingdirect.com/about/about.asp?s=BoardMembers ING Direct Board of Directors] : Thomas J. Hutchison III reference
* [http://query.nytimes.com/gst/fullpage.html?res=9C0CE3D8153CF932A35751C0A966958260 "Charges Seen for Developer"] : "New York Times"; February 1, 1990
* [http://query.nytimes.com/gst/fullpage.html?res=9C0CEED7143FF930A35756C0A966958260 "COMPANY NEWS;Stake Is Reduced By United Capital"] : "New York Times"; May 3, 1990

See also

*The Compound


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • General Patent Corporation International — Infobox Company company name = General Patent Corporation International company company type = Private foundation = 1987, incorporated 1996 location city = Suffern, New York location country = USA key people = Alexander I. Poltorak, Chairman and… …   Wikipedia

  • Merseyside Development Corporation — Formation 1981 Extinction 1998 Type Development Corporation Headquarters Liverpool Official languages Engl …   Wikipedia

  • Waterfront Development Corporation — The Waterfront Development Corporation (WDC) of Louisville, Kentucky is a non profit/stock corporation created by the Kentucky General Assembly in 1986.For many years before the Waterfront Development Corporation s founding in 1986 political… …   Wikipedia

  • Railroad Development Corporation — is a railroad holding company based in Pittsburgh, Pennsylvania.RDC operates several short line railroads outside the United States and acts as an investor, with management and institutional investors as partners.Henry Posner III is a founding… …   Wikipedia

  • Multimedia Development Corporation — The Multimedia Development Corporation (MDeC previously known as MDC) is a government owned institution responsible for the management of the Multimedia Super Corridor (MSC Malaysia) in Malaysia as a technology industry and commerce zone. The… …   Wikipedia

  • Cameroon Development Corporation — The Cameroon Development Cooperation (CDC) is one of Cameroon s major exporters and employers. The company was founded at the time when British interests took control over German owned plantations, at the beginning of World War I. The CDC is an… …   Wikipedia

  • City and Industrial Development Corporation — Official logo of CIDCO Agency overview Formed 1970 Jurisdiction Government of Maharashtra …   Wikipedia

  • Maharashtra Tourism Development Corporation — महाराष्ट्र पर्यटन विकास महामंडळ Official logo of MTDC Agency overview Formed 1975 Jurisdiction …   Wikipedia

  • Cardiff Bay Development Corporation — Infobox Organization name = Cardiff Bay Development Corporation image border = size = 150px caption = msize = mcaption = motto = formation = 1987 extinction = 2000 type = headquarters = Cardiff location = membership = language = English and Welsh …   Wikipedia

  • Lower Manhattan Development Corporation — The Lower Manhattan Development Corporation (LMDC) was formed after the September 11 attacks to plan the reconstruction of Lower Manhattan and distribute nearly $10 billion in federal funds aimed at rebuilding downtown Manhattan.It was founded by …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”