The Real Deal Miami

Settlement reached on disputed project

August 05, 2008 10:32AM

A five-year court tussle over a developer’s Pompano Beach plans is over after parties reached a settlement eight months after the case went to trial. A judge said no formal binding agreement had ever been reached by developer Michael Swerdlow’s Lightspeed Management Co. and with the city of Pompano Beach and the East Pompano Beach Community Redevelopment Area over plans to build the project. The beachfront, mixed-use complex would have meant hundreds of millions of dollars in development.