FYI Miami: June 26, 2014
MEETING CANCELLED: A decision on the controversial expansion of the Crandon Park Tennis Center on Key Biscayne will have to wait. The Crandon Park Master Plan Amendment Committee’s meeting scheduled for Wednesday (6/25) was canceled Tuesday. The committee was expected to address the expansion plan for the county-owned facility by organizers of the annual Sony Open tournament. However, the county’s Parks Department sent out an email late in the afternoon to committee members, informing them the meeting was canceled because Parks Director Jack Kardys had to attend a “critical” Finance Committee meeting of the county commission scheduled for the same time. The Crandon Park meeting “will be rescheduled at a later date,” the email states. If approved, Mr. Kardys is to oversee expansion of the tennis center for the county.
MIAMI VERSUS: The City of Miami has sued JP Morgan alleging that the bank engaged in a pattern of predatory mortgage loans to minority residents that resulted in foreclosures, in violation of the federal Fair Housing Act. The bank unlawfully imposed different terms on loans to minority residents continuously since at least 2004, the suit claims, and foreclosures have damaged the city, reducing property taxes. In December 2013, the city filed similar suits against Wells Fargo, Bank of America and Citigroup. The city didn’t sue JP Morgan then because, it says, the bank was amenable to mediation as an alternative to litigation. However, the bank recently changed its position and decided not to participate in mediation now, so the city sued. Miami Gardens filed similar suits against all four institutions.
NEW HEADQUARTERS: BBC Worldwide, a subsidiary of the British Broadcasting Corp., last week celebrated the opening of its new Latin American headquarters in Coral Gables. The new facility at 255 Alhambra Circle will serve as the company’s hub for all Latin American and US Hispanic operations and initiatives. The site will have a staff of 50 “multi-media professionals” for channel distribution, content, formats, digital sales, licensing and merchandising, the company said. “The opening of this regional trading hub represents a natural extension of 80 years of presence in Latin America and enables us to continue to increase our footprint in the region,” said BBC Worldwide Executive Vice President and Managing Director Fred Medina. “We have big ambitions for Latin America and the new headquarters are our launch pad,” said BBC President Global Markets Paul Dempsey.