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Front Page » FYI Miami » Fyi Miami

Fyi Miami

Written by on May 16, 2013


Miami is a weekly feature of Miami Today, keeping readers ahead

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   RAIL RECORD USE: Metrorail hit an all-time high in use in March, averaging almost 75,000 passenger boardings each weekday, up 12.1% from March of last year, Deputy Mayor Alina Hudak reported to county commissioners this week. At the same time, bus boardings dropped 0.7% from the same month of 2012 to just under 260,000 per day, she reported. Metromover rides rose 0.4% in the one-year span to just over 30,000 daily.

   BRAZILIAN BANK TO BRICKELL: A Florida-chartered bank owned by Latin AmericaÕs largest bank has leased its first Miami location at 800 Brickell Ave. Banco do Brasil Americas, founded in 2012 as a subsidiary of Banco do Brasil S.A., has leased 6,953 square feet on the ground floor fronting Brickell Avenue, said Michael Taylor, director of Stiles Realty, which leases the 208,325-square-foot building. Banco do Brasil Americas was founded in 2012 with offices in Coral Gables, Boca Raton and Pompano Beach. The bank plans to open about 20 new branches in the next five years, of which the 800 Brickell branch is the first. The bank signed a 10-year lease in the 15-story building.

   FINANCING AIRPORT UPGRADE: Miami-Dade County plans to save $91 million in interest on bonds issued as part of its $6.49 billion revamp of Miami International Airport by issuing new bonds at lower interest rates. The savings, with a present value of $56.8 million, would be plowed back into the 20-year-old airport expansion and renovation program, which still is unfinished, according to a memo to commissioners from Deputy Mayor Edward Marquez. The bonds being issued would replace bonds issued in 2002 and 2003, when interest rates were far higher than they are today. The new bonds would be priced and sold by September. The commissionÕs Finance Committee unanimously approved the proposal Tuesday and forwarded it to the full commission for final action.

   ZOO PROJECT EXTENDED: The date to respond to a county request for proposals to develop a Zoo Miami Entertainment Area that could include a water park, hotels and other entertainment facilities has been extended, and proposals from developers now are due at the end of May. The number of interested parties will remain undetermined, possibly until next month, Zoo Miami sources said. Miami Today previously reported the project was to break ground in 2015. However, the date could be subject to change following the proposals. The project is currently under cone of silence. Details:


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