The Real Deal Miami

Miami River holds up Florida waterfront bill

April 20, 2010 11:23AM

The Florida legislature is slated to create rules regarding a 2008
amendment to the Florida constitution that would provide tax breaks for
“working waterfronts.” But the legislature’s bill is running into
trouble as it works to determine just what “working waterfront” means,
especially for businesses along the Miami River. There are fears,
mostly in the marine industry, that too broad a definition would allow
for new facilities, like restaurants and hotels, to be built along the
river, instead of marinas. The bill came largely as a result of
disfavor with increasing property taxes that had especially hurt
family-run businesses along the coastline. [Miami Herald]