Written by Miami Today on July 1, 2010
Miami is a weekly feature of Miami Today, keeping readers ahead
of the news. Here are highlights from the most current edition.
coverage, including The Insider and all information columns,
is available in the e-edition. Sign up now.
DEBT DATES: Miami-Dade County plans to issue $200 million in general obligation bonds in November or December, new county capital improvements Director George Navarrete says. The new debt is to back 300 to 400 projects, he said. The totals reflect the rough economic times and the county’s shrinking tax roll. The last sale was for $350 million, and it encompassed 504 projects. A bond sale expected in a year or year and a half is to be for $100 million to $185 million, Mr. Navarrete said. It’s up to commissioners to set a debt service tax rate and to vote on projects.
FLAGSTONE FINISH: It’ll be another week before Miami commissioners consider sealing a deal that would allow would-be Watson Island developer Flagstone Property Group 18 years of wiggle room to complete the planned luxury marina, hotel and retail project voters OK’d nearly a decade ago. Commissioners are to take up the issue at their next meeting July 8, Mayor Tomás Regalado said. They approved general business terms in March, and those haven’t changed despite the time spent finessing legal documents, the mayor said. Basically, Flagstone would have six years to finish the marina, retail and parking, with deadlines set throughout, another two years to get going on the two hotels and the option of an extra decade to finish, making rent payments throughout. The agreement commissioners are to consider next week, Mr. Regalado said, is "the model of March."
ROLLING ALONG: As planning for rubber-wheel trolleys throughout Miami rolls along, the city last week agreed to set aside $619,416 to match stimulus funds from the state toward operating and maintaining a Biscayne-Brickell service. The city’s funding comes from its share of Miami-Dade’s half-cent sales surtax for transportation projects. This route — one of several proposed — is to run from Southeast 26th Road on the south to Margaret Pace Park to the north, connecting to Metromover stops along the way. It’s to serve Brickell, downtown and the Omni area. (More on the trolleys, pg. 23.)
BEACON BIRTHDAY: The Beacon Council, Miami-Dade’s economic development arm, has helped lure new companies and retain business here for 25 years. The organization is celebrating its quarter-century anniversary July 8 in an invitation-only luncheon aboard Norwegian Cruise Line’s newest ship EPIC.
HEADCOUNT: Even before major budget-cutting measures, the City of Miami’s headcount has shrunk in the past couple of months. In April, the city had 3,549 full-time employees, and last week that total sat slightly below at 3,531.
Complete coverage, including The Insider and all information columns, is available in the e-edition. Sign up at www.miamitodaynews.com