Financial Times FT.com

Affordable sunshine

By Robert Liebman

Published: April 25 2008 06:07 | Last updated: April 25 2008 06:07

In the late 1950s, the General Development Corporation bought up vast swathes of former agricultural land in southeastern Florida around the St Lucie River. The owners, the Mackle brothers – Elliott, Robert and Frank Jr – divided these vast tracts into thousands of quarter-acre lots.

The Mackles marketed the lots mostly to modest-income families in the north. The ten-dollar price tag hit the spot. The three brothers prospered and hundreds of ordinary Americans became landowners.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this