The Real Deal Miami

Miami-Dade to keep rent low for waterfront lot next to arena

County could charge up to $36,000 a day for concerts

May 20, 2015 01:30PM

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The four acres behind the American Airlines Arena

The four acres behind the American Airlines Arena

Miami-Dade County commissioners reportedly voted to maintain the rent on a sizable waterfront parcel behind the American Airlines Arena, despite its appraisal of nearly double what the county is charging.

Commissioners met on Tuesday to discuss a fee increase for the four acres behind the arena, dubbed Parcel B, that could bring in an estimated $230,000 a year — 187 percent more than what the county collects currently.

The paved lot is frequently used as an event space for concerts and by the managers of the American Airlines Arena, a publication reported.

Last year, the commission asked the mayor to get an independent appraisal of the land’s value and a proposal for how much the county could charge in fees. Brokerage CBRE was assigned the task.

The firm said the county could charge several thousand dollars in deposits for each event, plus rates ranging from $1,100 a day for concert staging to $36,000 a day for the actual concert, according to Miami Today.

Miami-Dade County Commissioner Audrey Edmonson

Miami-Dade County Commissioner Audrey Edmonson

The proposal was passed on to the Strategic Planning and Government Operations Committee, which gave it unanimous approval, and then was sent to the county commission for a vote, Miami Today reported.

Commissioners voted 10-1 to defer the discussion. Commissioner Audrey Edmonson, whose district includes the parcel, said the land is being singled out for a rate increase.

“I’m not going to support [the fee schedule] unless we do this everywhere,” she said, according to Miami Today. [Miami Today]Sean Stewart-Muniz