The Real Deal Miami

Miami Worldcenter in talks to swing parking deal with city

Developers hope to from public-private partnership with the Miami Parking Authority
August 13, 2014 03:45PM

Miami Worlcenter

Miami Worlcenter

The developers of Miami Worldcenter may be nearing a deal to create a public-private partnership with the Miami Parking Authority.

Both side hope to create thousands of new public parking spaces downtown, according to Miami Today.

“We’re talking, yes,” Deputy Mayor Edward Marquez, said. “Worldcenter asked for participation from the city, county and the [Community Redevelopment Agency]…. Numbers were presented to us and we’re taking a look.… As to what the government participation could be and should be, it’s very preliminary.”

According to Miami Parking Authority CEO Art Noriega, the developers are asking for tax increment financing via the redevelopment agency to help pay for parking, roads and a planned convention center. [Miami Today] Christopher Cameron