Miami Approves 900000 Grant For Downtown Master Plan
Written by Tom Harlan on May 5, 2005
By Tom Harlan
The Miami City Commission will transfer more than $900,000 to the Downtown Development Authority soon to finance the update of a master plan.
The transfer, approved at the April 28 commission meeting, comes from a regional impact ordinance that allows funds to be used for planning and development.
About $908,000 in fees are to be transferred to finance the $1 million plan. The commission authorized fees of up to $1.6 million to be devoted to the plan.
The authority is working with the city to determine special needs for the downtown area, said Executive Director Dana Nottingham.
Earlier this year, the authority said it would update its master plan for the first time since 1986. The aim is to create a development plan that would focus on economic growth, revitalization and land and transportation planning.
The authority is to lead a team of industry consultants with economics, marketing and transportation backgrounds to update the plan to accommodate 10,000 residents expected to move to the area in three to five years.
"The plan is an extremely important undertaking," Mr. Nottingham said, "that is to reflect the many changes taking place in downtown Miami."