The Real Deal Miami

$3 million bond issued for Marine Stadium on Virginia Key

April 08, 2010 11:14PM

The Miami-Dade Commission has approved a provision of $3 million to
refurbish the Miami Marine Stadium off of the Rickenbacker Causeway on
Virginia Key. The 12-0 vote gave the nod to a voter-approved issue of
bonds, but the city is required to demonstrate a feasible plan for the
project. According to Miami Mayor Tomas Regalado, the city should have
its plans finished within 18 months, despite that the county granted a
five-year period to do so. A private analysis showed that corrosion in
the skeleton of the building could mean up to $8.5 million in
renovations. [Miami Herald]