New $540M courthouse proposal draws critics

Miami /
Aug.August 29, 2014 03:45 PM

A proposal for a new taxpayer funded Miami courthouse is facing critics.

At a recent public meeting, commissioners disagreed over what should be on a proposed ballot question seeking $540 million, according to the Miami Herald.

“From the standpoint of need, I understand it completely,” said Commissioner Esteban “Steve” Bovo, chairman of the commission’s finance committee. However, he questioned issuing another $540 million in debt after taxpayers approved $1.2 billion in new government debt for public schools and $830 million for the Jackson Health System.

The current proposal would include the costs of building a new courthouse on county-owned property, $25 million in repairs for the current courthouse and refinancing an existing $132 million debt.

At a recent gathering lead by Commissioner Xavier Suarez at the historic Dade County Courthouse everyone agreed that a new courthouse is necessary – just not how to pay for it.

“We’re going to lose a couple of commissioners, not to mention the general public,” without an incentive, Suarez said. [Miami Herald]Christopher Cameron


Related Articles

arrow_forward_ios
Cemex CEO Fernando González (Cemex)
Cemex digs into northwest Miami-Dade with $33M purchase of over 150 acres
Cemex digs into northwest Miami-Dade with $33M purchase of over 150 acres
Jimmy Butler, Reshma Sohoni and 8975 SW 63 Court (Getty, Google Maps)
Swish! Miami Heat’s Jimmy Butler sells Pinecrest mansion for $7M
Swish! Miami Heat’s Jimmy Butler sells Pinecrest mansion for $7M
Castro Properties President Terri Keogh and one of the Wawa's (Castro, SRS Real Estate Partners)
Fill ’er up: Two South Florida Wawa gas station convenience stores sell for a combined $22M
Fill ’er up: Two South Florida Wawa gas station convenience stores sell for a combined $22M
Miami-Dade still a boomtown for residential sales in July, as closings slow in Broward and Palm Beach
Miami-Dade still a boomtown for residential sales in July, as closings slow in Broward and Palm Beach
Miami-Dade still a boomtown for residential sales in July, as closings slow in Broward and Palm Beach
Q2’s largest retail transaction: Regal Acquisitions’ $34 purchase of CVS-anchored retail at Boulan South Beach hotel (Google Maps)
South Florida’s retail market slowly emerges from pandemic woes in Q2
South Florida’s retail market slowly emerges from pandemic woes in Q2
Nathan Leight and the Coconut Grove estate (One Sotheby's, Terrapin Partners)
Private equity tycoon trades one Coconut Grove estate for another
Private equity tycoon trades one Coconut Grove estate for another
South Florida’s residential markets bounced back in the third quarter
South Florida’s residential sales rise in Q3, led by surge in Palm Beach County
South Florida’s residential sales rise in Q3, led by surge in Palm Beach County
Renderings of the project (Courtesy of Pinnacle)
Pinnacle scores $31M for senior affordable housing development
Pinnacle scores $31M for senior affordable housing development
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...