Written by Miami Today on July 5, 2012
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DEVELOPMENT AT AIRPORT: The Miami-Dade County Commission on Tuesday rezoned 56.7 acres near Miami International Airport for commercial development. According to documents filed with the County Regional Transportation Committee, which approved the resolution last month, the land can accommodate hotels, office buildings, various industrial uses — such as storage, distribution and manufacturing — and retail establishments, including restaurants. The development is expected to generate nearly $2.9 million annual revenue to the airport, officials said. The land is just outside the airport’s fence line near Milam Dairy Road.
AIRPORT HOTEL PACT: A new company spearheaded by Turnberry managing members Jacqueline and Jeffrey Soffer is being recommended to Miami-Dade County commissioners to manage the county-owned hotel at Miami International Airport, Hotel MIA. A memo from Deputy Mayor Jack Osterholt says the deal is estimated to result in $15.5 million annual gross revenue, with the county aviation department pocketing $5.2 million of that, or 34%, after paying management fees and operating expenses. The company, TB MIA LLC, would get a $575,000 yearly management fee under the seven-year deal. The county sought proposals for the hotel a year ago and got only two applicants. PKF Consulting, working for the county, told the negotiating committee that TB MIA’s price is in line with industry standards. A commission committee is to vote Monday on waiving competitive bidding procedures to OK the deal.
JUNGLE ISLAND DELAY: The Miami City Commission last week postponed action on a lease amendment requested by Jungle Island until July 12. The requested amendment proposes a restructuring of Jungle Island’s payments to the city to a profit-sharing arrangement, thereby extending the lease — which has 49 years to run — to 99 years and increasing the attraction’s space on Watson Island to take in nearby facilities, even though it owes a near $26 million debt to the city and county. The attraction says it needs the changes to remain afloat financially.
ARTS IN SOUTH COUNTY: The county-owned South Miami-Dade Cultural Arts Center on Southwest 211th Street in Cutler Bay has held 48 events with total attendance of 33,760 since the center opened Oct. 1 of last year, according to a report going to county commissioners for a Monday committee meeting. The first season ended in May, with rental events in June presented by local schools and community-based arts organizations. The center’s theater building seats 966.