FYI Miami: January 15, 2015
FILM COMPLEX LEASE: A startup company wants to open a 900,000-square-foot movie production studio in Northwest Miami-Dade on county-owned property. On Tuesday, a county commission committee gave a preliminary OK for government staff to negotiate a lease with the company. Staff won’t start negotiations until the full commission votes to begin talks. The startup, Miami Ocean Studios Enterprises LLC, has also applied to the county for $10 million of taxpayer funds to go toward infrastructure improvements needed for the movie complex. That application is pending.
BONDS FOR FOOTBALL STADIUM: The Miami-Dade County Industrial Development Authority, an entity separate from county government that issues bonds on behalf of projects deemed economically beneficial, is to issue a $100 million taxable revenue bond, money that’s to cover part of the cost of reconstructing Sun Life Stadium. The overall renovation cost for the stadium is $425 million. Work is to include new seats and parking lot improvements. On Tuesday, a county commission committee gave a preliminary OK for the industrial development authority to issue the $100 million bond. The approval isn’t final until the full county commission signs off as well.
LOCAL PREFERENCE: County Commissioner Daniella Levine Cava told Miami Today that she is considering drafting legislation that would promote local preference for products produced in the county. Miami-Dade currently has local preference legislation for businesses that aims to give local businesses a competitive edge for county-procured contracts. Ms. Levine Cava said she hasn’t honed details of her legislation but essentially it would promote the use of local products. For example, it would promote the use of Redland-raised produce or tropical fruits by kitchens at local hospitals. “Every time we use our money at home we are having a multiplier effect,” she said.
MAJOR LEAGUE SOCCER: Today (1/15) a Miami-Dade County Commission committee is to consider whether the stadium at Florida International University should become the temporary site for a Major League Soccer (MLS) franchise in Greater Miami. David Beckham, a British former soccer player, last year expressed interest in opening an MLS franchise in Miami, specifically on bayfront property. While efforts were unsuccessful, the search continues, according to county records. Now, Commissioner Juan Zapata is proposing that the MLS franchise use the FIU stadium temporarily until a permanent site is found.