Development titan Genting is waiting patiently for new legislature on gambling in Florida before plowing forward with its 5,000-room casino project at the former site of the Miami Herald headquarters.
The firm is looking to revive its plans to build a smaller complex on the waterfront, because it could be easier to acquire a single building permit. In addition to the casino plan, it wants to build three 60-story condominium towers at the Herald site. The Federal Aviation Administration recently gave approval for the properties to be as tall as 642 feet high.
Earlier this month, Genting dramatically scaled back the gambling component of its resort development. The proposed casino would be the first in Downtown Miami. If state lawmakers and gambling regulators approve the proposal, Genting’s Resorts World Miami could open 2,000 slot machines and simulcast betting on horse races as part of the larger development. [Miami Herald] — Mark Maurer