Gulf American Land Corporation (GALC) was a land development company in Florida founded by brothers Leonard and Jack Rosen. During the late 1950s and 1960s, GALC was the largest land sales company in the United States.[1] The company is noted for its role in the development of Cape Coral, Florida, and pioneering the sales method of instalment land purchases.
In the late 1960s, GALC sold 173,000 mi (278,000 km) of swampland, dubbed Golden Gate Estates, to about 40,000 buyers. Many buyers bought plots that were still underwater. They paid for them in monthly installments and acquired ownership of their properties when payments were complete. Gulf American built 183 mi (295 km) of roads and 813 mi (1,308 km) of flood control canals advertising Golden Gate Estates as semi-improved land, though there were no utilities or public services. The fill resulting from digging flood control canals was used to raise the land level to comply with minimum building elevation legal requirements. The canals drain 233 billion US gal (880 billion L) of fresh water a year into Naples Bay, damaging the coastal saltwater ecology while causing the groundwater table to drop 2 ft (0.61 m) to 4 ft (1.2 m). The Florida Department of Business Regulation adopted real estate development reforms in the 1970s because of such abuses.[2][3]
In 1969, GALC (which by then had shortened its name from Gulf American Land Corp to Gulf American Corp) and its sister companies were taken over by General Acceptance Corp.[4]
^Dodrill, David E. (1993). Selling the Dream : The Gulf American Corporation and the Building of Cape Coral, Florida. Tuscaloosa, Alabama: University of Alabama Press. ISBN 978-0-8173-0597-0.
^Bukro, Casey (February 23, 1989). "Florida 'Estates' Paradise To Some". Chicago Tribune.
^Beyer, Morten S. [1] Flying Higher: The Rosen Boys, 2009, p. 180
^"People of Influence: The Rosen brothers in Cape Coral". news-press.com. 28 August 2014. Retrieved 24 July 2017.
and 27 Related for: Gulf American Land Corporation information
GulfAmericanLandCorporation (GALC) was a land development company in Florida founded by brothers Leonard and Jack Rosen. During the late 1950s and 1960s...
Gulf Oil was a major global oil company in operation from 1901 to 1985. The eighth-largest American manufacturing company in 1941 and the ninth largest...
Hutchison III, from 1990 to 1991. The Compound GulfAmericanLandCorporation Interstate Mail Order Land Sales: Hearings Before the Subcommittee on Frauds...
the properties first. This technique was used notably by the GulfAmericanLandCorporation in the communities of Cape Coral and Golden Gate Estates, Florida...
The Gulf War was an armed conflict between Iraq and a 42-country coalition led by the United States. The coalition's efforts against Iraq were carried...
Gulf Shipbuilding Corporation is a former shipbuilding corporation in Chickasaw, Alabama a few miles upstream of the Port of Mobile. Following the company's...
Gulf and Western Industries, Inc. (stylized as Gulf+Western) was an American conglomerate. The company originally focused on manufacturing and resource...
The Gulf of Mexico (Spanish: Golfo de México) is an ocean basin and a marginal sea of the Atlantic Ocean, mostly surrounded by the North American continent...
tidal range in the Gulf of Carpentaria is between two and three metres (6.5 and 10 ft). The Gulf and adjacent Sahul Shelf were dry land at the peak of the...
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of...
York Fastrip Frontier Flying J Gant GasAmerica Gas City, Ltd. GasTrac Getty Gas Land Petroleum Golo Go-Mart Gulf Hele High's Dairy Stores Holiday Huck's...
construction, Bechtel Corporation. William Blakley, Dallas; Braniff Airways, real estate. Jacob Blaustein, Baltimore, Maryland; American Oil Company. Lammot...
Gulf Canada was a Canadian integrated petroleum company that existed between 1944 and 2001. Gulf Oil Corporation began operating in Canada in 1942, and...
Persian Gulf (Persian: خلیج فارس, romanized: xalij-e fârs, lit. 'Gulf of Fars', pronounced [xæliːdʒe fɒːɾs]), sometimes called the Arabian Gulf (Arabic:...
biplanes. In October 1951, British Overseas Airways Corporation (BOAC) became a major shareholder in Gulf Aviation, holding a 22% stake through the BOAC subsidiary...
75-Year History. Toyota Motor Corporation. Archived from the original on 3 March 2019. Clifford, Joe (25 January 2018). "Toyota Land Cruiser history: Heavy and...
formed by the Gulf Oil Corporation and the Anglo-Persian Oil Company. In 1975 the state signed agreements with British Petroleum and Gulf and after its...
which began on 20 April 2010, off the coast of the United States in the Gulf of Mexico on the BP-operated Macondo Prospect, considered the largest marine...
"Indigenous peoples of the Americas". The term Amerindian, a portmanteau of "American Indian", was coined in 1902 by the American Anthropological Association...
Sojitz Corporation (Japanese: 双日株式会社, Hepburn: Sōjitsu Kabushiki-gaisha) is a sogo shosha (general trading company) based in Tokyo, Japan. It is engaged...
a list of railroads operating in the U.S. state of Florida. Alabama and Gulf Coast Railway (AGR) AN Railway (AN) Bay Line Railroad (BAYL) CSX Transportation...
The Gulf of Paria (/ˈpæriə/ PA-ree-ə; Spanish: Golfo de Paria) is a 7,800 km2 (3,000 sq mi) shallow (180 m at its deepest) semi-enclosed inland sea located...
Bluegreen Corporation is an American private vacation ownership brand that is currently a wholly owned subsidiary of Hilton Grand Vacations. The company...
mysterious land of Punt. In the Eighteenth Dynasty of Egypt, Hatshepsut built a Red Sea fleet to facilitate trade between the head of the Gulf of Aqaba...
States and owned by British conglomerate BP since 1998. The Amoco Corporation was an American chemical and oil company, founded by Standard Oil Company in...
Global Information