Written by Miami Today on February 23, 2012
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MUSEUM MOVES: After years of anticipation, contractors with the Miami Science Museum are set to break ground in Museum Park Friday. The Miami Art and Miami Science museums are to receive a combined $54.3 million in Building Better Communities General Obligation Bond funding this fiscal year, adding to the $69.69 million they’ve already received. According to county documents, the art and science museums in future bond sales could reap a combined $265 million to support their moves to new buildings in Museum Park on Biscayne Boulevard — $100 million for the art museum, $165 million for science.
REFINANCE FOR CENTER: Terranova Capital Corp. announced the $22.5 million refinancing of the 82,000-square-foot Suniland Shopping Center at 11325 S Dixie Highway in Pinecrest. The loan, provided by PNC Corp., was used to satisfy an existing smaller loan from a life insurance company and generate excess proceeds. The property is owned by Suniland Associates Ltd., an affiliate of Terranova, which has owned the property since 1996. Tenants of the center include a US Post Office, SunTrust Bank, Great Florida Bank and Starbucks.
MIAMI CRUISING: December’s cruise passenger counts at Port Miami rose by 4.2%, compared with December 2010, reports William Talbert III, CEO and president of the Greater Miami Convention & Visitors Bureau. Miami’s seaport drew 420,236 passengers in December, up from 403,129 the previous December. Totals are the combined counts of passengers who boarded cruise ships and the number of passengers who disembarked, meaning each person essentially is counted twice.
TOURISM TALK: The Miami-Dade commission will soon weigh in on county tourism dollars. The county’s Internal Management & Fiscal Responsibility Committee forwarded last week to the full commission an item that would place a non-binding question on the Aug. 14 primary ballot asking if voters support using tourist-related taxes for tourism-related public safety measures.
BACKING BRAC: To ensure that Miami-Dade military bases stay open, the Public Safety & Healthcare Committee is to hear April 10 an item that would create a Base Realignment And Closure (BRAC) taskforce to represent the county’s interest before federal and state agencies. BRAC is a process in which the federal government reorganizes military installations and resources to increase efficiency and reduce expenses. As part of the process, the Department of Defense recommends base closures and realignments for congressional approval. According to county documents, the item could prevent closures.
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