Miami-Dade approves $200M bond sale

Miami Art Museum

Miami-Dade County Commissioners voted to sell up to $200 million in bonds that would be used to help jumpstart various development projects, including the Miami Art Museum and the Miami Museum of Science and Improvements. Among the other public works projects that may benefit from the bond sale include affordable housing construction and upgrades to libraries and parks. The bond sale will be through the county’s $2.93 billion capital improvements program known as Building Better Communities, which was approved by voters in 2004. Opponents argued that the real estate climate has changed things since that time, and that the county should not be taking on any more debt. [Miami Herald]