Remember the urgent rush to sell the city-owned property on the

Wildwood - Remember the urgent rush to sell the city-owned property on the bay for $1 million? How is that development coming along? Been nearly a year now. Looks like nothing has been done. What did the city do with the $1 million? I hope it will be used to help keep our taxes down. Now I hear the same property is up for sale by the new owner for $2 million or higher bids. Did we miss something?