Written by Miami Today on April 21, 2011
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BATTER UP: In what could be a home run for Miami-Dade’s business economy, the county’s Recreation & Cultural Affairs Committee on Monday forwarded to the full commission a directive to the administration to reach out to major league baseball teams to determine if any would host spring training games at the Homestead Baseball Complex. While the commission considered a similar item when negotiating the Marlins stadium contract, Commissioner Dennis Moss said that county finance officials determined it would cost more than $30 million to renovate the facility. The 140-acre facility, at 601 SE 28th Ave., was built in 1991 to act as a spring training complex for the Cleveland Indians, which never moved in. The complex includes a 6,500-seat stadium, five practice fields, a clubhouse, batting cages, a dormitory, four softball fields and special event areas.
AFTER THE INK DRIES: Banco do Brasil will need the stamp of approval from the Federal Reserve’s board of governors and the Florida Office of Financial Regulation before it can buy Coral Gables-based Eurobank, according to a state spokesperson. Banco do Brasil said Monday it’s in advanced talks to acquire the local franchise, which maintains offices in Coral Gables, Boca Raton and Pompano Beach. Banco do Brasil has said it will spend less than $50 million on its expansion into the US. Eurobank, according to the Federal Deposit Insurance Corp.’s website, held $102 million in assets and $96 million in deposits. As of the quarter ending Dec. 31, it had $4.2 million in noncurrent loans and leases and lost $284,000.
WHICH WAY?: The Miami Downtown Development Authority’s plans to install a signage and wayfinding system are pending a vote by Miami commissioners today (4/14). The legislation up for approval would authorize the city manager to execute an agreement between the city and the Florida Department of Transportation for the project. When complete, the system is geared to aid visitors with useful information, locating important landmarks and transportation and creating modern, cohesive signage downtown.
UNEMPLOYMENT DROP: Seasonally-adjusted Miami-Dade County unemployment dropped for a second month in February to 13.1% from 13.3% in January, according to the county’s Office of Economic Development and International Trade. Employment of Miami-Dade residents climbed nearly 3,700 from January to February while the labor force grew by roughly 550 people.
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