General Development Corporation

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General Development Corporation, also known as GDC, was one of the largest land development companies in Florida. Founded in 1954 by the so-called Mackle brothers, and based in Miami, Florida, they established several communities in the 1950s & 1960s, and promoted cheap Florida land worldwide. The company was exposed for fraudulent land deals in the late 1980s: this lead 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.

Contents 1 Communities developed by GDC 2 Errata 3 References 4 See also

[edit] Communities developed by GDC

• North Port, Florida
• Port Charlotte, Florida
• Port St. John, Florida
• Palm Bay, Florida
• Port St. Lucie, Florida

[edit] Errata

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

[edit] References

• "General Development Corporation 1954-1991": page from the Sarasota History Center
• History of Palm Bay
• ING Direct Board of Directors: Thomas J. Hutchison III reference
• "Charges Seen for Developer": New York Times; February 1, 1990
• "COMPANY NEWS;Stake Is Reduced By United Capital": New York Times; May 3, 1990

[edit] See also

• The Compound