The Real Deal Miami

County vote to determine portion of Miami Beach Convention Center funding

Taxing district currently gets $16 million a year

December 16, 2014 12:00PM

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Miami Beach Convention Center

Miami Beach Convention Center

A vote by Miami-Dade commissioners today will decide whether to divert millions of dollars in taxes to the $590 million Miami Beach Convention Center renovation.

Commissioners are reportedly set to vote on extending the term of the City Center special tax district for an additional 22 years.

That would divert millions of dollars in county property taxes to the Beach’s convention center renovation in hope of continued economic growth, according to published reports.

The $16 million a year that the City Center district gets from the county fund goes toward police, parks and other core services, the Miami Herald reported. The taxing district was originally aimed at revitalizing the area that includes Lincoln Road and the oceanfront off of 16th Street — land that’s gained $4 billion in value. [Miami Herald] — Katherine Kallergis

 

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