Miami-Dade to keep rent low for waterfront lot next to arena

Miami /
May.May 20, 2015 01:30 PM

Miami-Dade County commissioners reportedly voted to maintain the rent on a sizable waterfront parcel behind the American Airlines Arena, despite its appraisal of nearly double what the county is charging.

Commissioners met on Tuesday to discuss a fee increase for the four acres behind the arena, dubbed Parcel B, that could bring in an estimated $230,000 a year — 187 percent more than what the county collects currently.

The paved lot is frequently used as an event space for concerts and by the managers of the American Airlines Arena, a publication reported.

Last year, the commission asked the mayor to get an independent appraisal of the land’s value and a proposal for how much the county could charge in fees. Brokerage CBRE was assigned the task.

The firm said the county could charge several thousand dollars in deposits for each event, plus rates ranging from $1,100 a day for concert staging to $36,000 a day for the actual concert, according to Miami Today.

The proposal was passed on to the Strategic Planning and Government Operations Committee, which gave it unanimous approval, and then was sent to the county commission for a vote, Miami Today reported.

Commissioners voted 10-1 to defer the discussion. Commissioner Audrey Edmonson, whose district includes the parcel, said the land is being singled out for a rate increase.

“I’m not going to support [the fee schedule] unless we do this everywhere,” she said, according to Miami Today. [Miami Today]Sean Stewart-Muniz


Related Articles

arrow_forward_ios
A rendering of the monorail

Miami-Dade approves interim contract for monorail to Miami Beach

Miami-Dade approves interim contract for monorail to Miami Beach
It’s decided: Miami-Dade commission chooses Flagler site for new downtown courthouse

It’s decided: Miami-Dade commission chooses Flagler site for new downtown courthouse

It’s decided: Miami-Dade commission chooses Flagler site for new downtown courthouse
Miami-Dade committee backs Flagler site for new downtown courthouse

Miami-Dade committee backs Flagler site for new downtown courthouse

Miami-Dade committee backs Flagler site for new downtown courthouse
Plan to build Cuban museum on waterfront site behind AmericanAirlines Arena scrubbed

Plan to build Cuban museum on waterfront site behind AmericanAirlines Arena scrubbed

Plan to build Cuban museum on waterfront site behind AmericanAirlines Arena scrubbed
All rise: Miami-Dade commission restarts bidding process to build new courthouse

All rise: Miami-Dade commission restarts bidding process to build new courthouse

All rise: Miami-Dade commission restarts bidding process to build new courthouse
Turnberry and others top list of campaign donors in Miami-Dade

Turnberry and others top list of campaign donors in Miami-Dade

Turnberry and others top list of campaign donors in Miami-Dade
Overtown neighbors not sold on Beckham stadium deal ahead of commission vote

Overtown neighbors not sold on Beckham stadium deal ahead of commission vote

Overtown neighbors not sold on Beckham stadium deal ahead of commission vote
Genting plans hotel atop bus terminal in Miami

Genting plans hotel atop bus terminal in Miami

Genting plans hotel atop bus terminal in Miami
arrow_forward_ios

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

Loading...