FYI Miami: August 17, 2017
Written by Miami Today on August 15, 2017
Below are some of the FYIs in this week’s edition. The entire content of this week’s FYIs and Insider sections is available by subscription only. To subscribe click here.
HIGHER CHARGES: Household electricity prices in South Florida in July were more than 10% higher than in July 2016, although those prices were still 16.8% less than the nationwide average, according to figures released Friday by the US Bureau of Labor Statistics. Regional households paid 11.9 cents per kilowatt hour of electricity in July, the bureau reported, up from 10.8 cents in July 2016. But the nationwide average in July this year was 14.3 cents. In July 2016, South Florida electricity prices were 22.3% lower than the national average. The price of electricity in South Florida has been at least 15% below the national average each July for the past five years, the bureau said.
BYE-BYE BIRDIE: While the parties aren’t talking openly, it appears that the Jim McLean Golf School at Trump National Doral Miami will relocate to The Biltmore Hotel next year. “News has traveled fast, so I wanted to get out a tweet to thank so many for text messages and phone calls,” Mr. McLean tweeted July 26. “It’s been a great 26-year run at Trump Doral. Grateful to 5 owners. All allowed me [to] hire incredible professionals and run the top golf school in America. Very excited about the upcoming move to The Biltmore in Coral Gables, FL in 2018.”
OPENING A DIALOGUE: Part of the taxes Wynwood pays goes to Miami-Dade Public Schools. Last year, the amount was $2.4 million, up from $593,049 in 2013, members of the Wynwood Business Improvement District (BID) heard at their Monday meeting. Yet there are only two schools in Wynwood, both under-enrolled. “We should reach out to the school board,” said Albert Garcia, BID co-chair and chief operating officer of Mega Shoes. “This may be an opportunity to establish a relationship. We aspire to attract residents and families, to be a place to raise a family. Yet there’s never been a conversation with the school board.”
SUBURBAN STRENGTH: Metro Capital Partners announced this week it has sold its Tamiami Metro office building for $7.9 million, more than twice the $3.2 million it paid for the property in 2013.The two-story building at 13595 SW 134th Ave. consists of 39,069 square feet of rentable space. “The property was completed in 2007, at the height of the recession, but the interior was never built out before the office building was foreclosed on,” according to a Metro Capital Partners’ release. “The asset languished unfinished until Metro Capital Partners bought it and completed the build-out in 2014. Since then, the seller has been able to lease out the property, stabilize it and put it on the market.”