This is how Miami-Dade plans to protect itself from climate change

The county is planning up to $20B in infrastructure and affordable housing projects over the next two decades

Miami /
Apr.April 24, 2019 01:30 PM

Miami-Dade County is embarking on infrastructure projects that could total $20 billion as part of a push to protect the region from climate change.

Miami-Dade Mayor Carlos Gimenez spoke to Bloomberg about the county’s plan for a $10 billion water and sewer project that is the largest public works project in the county’s history. It’s expected to take 15 to 20 years, he said. The county is also planning a multibillion-dollar investment in transportation that could reach $10 billion in the same amount of time.

In addition, the county is “looking much, much deeper into public-private partnerships” as a way to finance infrastructure improvements, Gimenez said, citing the roughly $1 billion PortMiami tunnel project as an example.

The Miami-Dade mayor added that he would welcome federal money for these projects, but that it can slow it down.

“It all depends on how long you have to wait,” he said. “Is it really worth the effort to try to get the federal money or do you want to get it done much faster? Can the private sector take the place of the federal government in a sense?”

The county is also plans to invest hundreds of millions of dollars into affordable housing over the next 10 years because “that’s also becoming an issue here in Miami-Dade,” Gimenez added.

Miami ranked as the most rent-burdened city in the U.S., according to a recent Freddie Mac report. The median renter in Miami spends 41 percent of pre-tax income on rent, the report found. [Bloomberg]Katherine Kallergis

 

Related Articles

arrow_forward_ios
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Residential sales fall in Southern Florida
Residential sales fall in April across South Florida
Residential sales fall in April across South Florida
10061 Southwest 60th Court in Pinecrest with Dr. Robert DerHagopian (Google Maps, Miami Cancer Institute)
Miami breast cancer surgeon Robert DerHagopian sells Pinecrest house for $6M
Miami breast cancer surgeon Robert DerHagopian sells Pinecrest house for $6M
2621 Flamingo Drive in Miami Beach with Mike Hezemans and Rita and Roman Shukhman (Compass, Wikipedia, Getty, LinkedIn)
Pro race car drivers sell Miami Beach spec house for $10M
Pro race car drivers sell Miami Beach spec house for $10M
Michael Dorrell, co-founder and CEO, Stonepeak Infrastructure Partners, in front of 235 Solano Prado in Coral Gables (The Jill Zeder Group, LinkedIn/Michael Dorrell)
New York investment firm founder pays record $34M for waterfront Coral Gables teardown
New York investment firm founder pays record $34M for waterfront Coral Gables teardown
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
Commissioner Eileen Higgins (Eileen Higgins, iStock)
Landlords now required to give 60 days’ notice of rent hikes over 5% in Miami-Dade
Landlords now required to give 60 days’ notice of rent hikes over 5% in Miami-Dade
Jackie Soffer with 2750 Northeast 199th Street (Google Maps, Turnberry.com)
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
arrow_forward_ios

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

Loading...