FYI Miami: November 20, 2014
ENERGY COST SAVINGS: Miami-Dade government wants to save on energy costs at the county-run Miami International Airport. The county might contract with Florida Power & Light Co. for the utility to implement energy saving measures at the water, light, heating, ventilation and air conditioning systems at three airport terminals. The project, which isn’t to exceed $34 million, is to be financed by a bank through an agreement that allows Miami-Dade County to pay back the bank using the cost savings accrued thanks to the county consuming less energy at the airport. The project is estimated to save the aviation department about $40.8 million over 14 years, records show. The Miami-Dade Commission’s finance committee tentatively OK’d the initiative Nov. 10 but the contract between the county and FPL isn’t final until the full county commission signs off on it.
SCHOOL EXPANSION: Miami Country Day School, a private nonprofit pre-K through 12th grade school, plans to add facilities on its campus at 601 NE 107th St. The school wants to build a 45,000-square-foot arts center with classrooms and an auditorium, and a 350-space parking deck. The school wants to finance the construction and land acquisition cost, which is not to exceed $30 million, through industrial revenue bonds.
CYBERSECURITY INITIATIVE: St. Thomas University will become the first Miami-Dade university to graduate students with a multi-disciplinary approach to cybersecurity when it launches a graduate program in the field from its School of Business in the spring, followed by an undergraduate program. The university announced the additions this week, spurred by an endowment that will establish the Gary Goldbloom Endowed Distinguished Chair in Cybersecurity to recruit and retain a top academic leader in the field.
NEW CARGO SERVICE: Miami International Airport got its 39th all-cargo airline service last week when new airline Western Global Airlines began to fly a schedule of four weekly cargo flights from the airport to South America in its own fleet of Boeing MD-11 wide-body freighters. The airline began operations in August. Last year, $68 billion in goods moved through Miami International.
FUNDING FOR LOWE: Founding support group Beaux Arts has given the University of Miami’s Lowe Art Museum $1.5 million, enabling the creation of the position of Beaux Arts Director and Chief Curator of the museum. The endowment will also increase programming, community outreach, facilities upgrades and other projects.