The Real Deal Miami

Lower hiring goals expected for $1B Miami Worldcenter

Tax rebate deal would reduce proposed benefits for city residents

December 26, 2014 09:56AM

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Rendering of Miami Worldcenter

Rendering of Miami Worldcenter

Miami commissioners are scheduled to vote Monday to supercede a previous agreement for the $1 billion Miami Worldcenter project that sets lower local hiring goals.

Commissioners will be asked to discuss two $1 million grants to Overtown restaurant owners, a raise for the agency head, and hundreds of thousands of dollars in grants to nonprofits, according to published reports. 

A tax-rebate deal with the developer of the mega-project would reduce certain proposed benefits for city residents, instead of giving them more as had been expected, the Daily Business Review reported.

Worldcenter plans to bring a 765,000-square-foot shopping center, as well as residential buildings and hotels, to a neglected 27-acre site spanning 10 blocks north of downtown Miami. An expo center and hotel also are planned by another developer on the site of the demolished Miami Arena.

The developer promises to fill about 30 percent of unskilled construction jobs with local residents, favoring people in Overtown and other high-poverty ZIP codes. In addition, at least 10 percent of skilled jobs would have to be filled with locals. Because of the way the deal is structured, the number of jobs promised to city residents would be lower than goals set in September’s agreement. [Daily Business Review] — Kristina Puga

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