Written by Miami Today on November 29, 2012
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SCHOOL LANDS SIT: Despite being on the table for about a year, there have been no developments with a proposed sale of the Miami-Dade School District’s eight downtown parcels covering about 10 acres with buildings and parking lots, said district spokesman John Schuster. The Genting Group originally expressed interest in the parcels, which are near the company’s proposed Resorts World Miami resort casino complex off Biscayne Boulevard. Earlier this year, a Genting representative said the company’s interest in the properties had cooled as it was considering scaling down the project’s size. Genting has invested about $500 million in properties in that neighborhood, including the Miami Herald and the Omni Center. At one point, the nearby school district properties looked to be the company’s next purchase, but the deal never materialized.
TERMINAL ILLNESS: Miami-Dade has given millions in lease breaks to shops and eateries in Miami International Airport’s Central Terminal hurt by lower traffic as airlines moved to newer terminals. The relief, retroactive to November 2009 and through January 2015, shifts payments to the airport from monthly rent to minimum guarantees. The suspended contracts’ guaranteed payments, in most cases, are replaced with a percentage of gross revenue. Of the airport’s 38,314,389 passengers last year, the South Terminal got 20% to 25%, the North Terminal 70% and the Central Terminal 5% to 10%. The South and North Terminals added 5.7 million square feet to the airport and 130 gates, 24 for domestic use and 106 capable of international use. The South Terminal opened in 2007; the North Terminal is expected to be done early in 2013. Another problem for concessionaires is question marks surrounding anticipated Central Terminal Redevelopment. The operators include Carrie Concessions Inc., Communitel Inc., Duty Free Americas Miami LLC, Host International, Westfield Concession Management LLC, Lenlyn Ltd., Sun Glass Hut Trading LLC, BFC Airport Stores and Global Concessions.
NEW ROUTE: Four trolleys have been assigned to Miami Trolley’s new Allapattah-Overtown route, launched Nov. 21, which will bring riders to shopping destinations along Northwest 20th Street, the Civic Center neighborhood, the Adrienne Arsht Center, Curtis Park, Overtown and the Omni area. The new route runs along Northwest 27th Avenue and 20th Street to the west and Omni to the east. It connects to existing Health District, Health District-Stadium and Overtown routes on Northwest 20th Street between Northwest 10th and Seventh avenues; and the Brickell Avenue-Biscayne Boulevard route at the Omni at Biscayne Boulevard and Northeast 14th Street.