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South Florida

Miami Seaquarium deal is done

Miami Seaquarium
Miami Seaquarium

The sale of the Miami Seaquarium officially closed, but the price remains a mystery.

California-based Palace Entertainment, the subsidiary of a Spanish theme park operator, announced on Tuesday that it completed the acquisition of the Virginia Key attraction. Palace did not disclose the purchase price. Miami-Dade County has not recorded the transaction.

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The seller is Wometco Enterprises. Palace and Wometco were in talks for more than two years before reaching a deal. The Seaquarium leases the 38-acre site from the county on a deal that runs through 2031.

Palace did not indicate what changes it plans to make at the Seaquarium, according to the Miami Herald. Miami-Dade commissioners must approve the sale. [Miami Herald] — Eric Kalis

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Virginia Key