National Campus and Community Development and Biscayne Properties are asking Miami-Dade County for an $83 million tax-free bond.
The money would be used to build a student-housing complex on Florida International University’s Biscayne Bay Campus, according to the South Florida Business Journal.
The developers have thus far agreed to lease a 4.75-acre site from FIU and build a nine-story, 290,000-square-foot complex with housing for 615 students.
Commissioners will vote on whether to fund the project through the county’s industrial development authority bonds at a May 13 meeting of the Miami-Dade County Commission’s Finance Committee. [SFBJ] – Christopher Cameron