FYI Miami: September 17, 2020
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.
OLD SOFTWARE FOR BILLIONS: Miami-Dade County’s Finance Department, which was looking for new investment management software, has decided to stick with the current provider. Bloomberg Financial, Clearwater Analytics and Emphasys Software all made proposals after the county on March 11 made an open solicitation. But the Finance Department said two were too expensive and one didn’t fit needs. The department monitors and maintains investment portfolios ranging from $5.5 billion to $9 billion. It decided to stay with current software from APS 2 until it either adjusts its budget to afford a more expensive solution or finds software that fits its needs. The county. Health Care and Operations Committee agreed last week; the county commission is to make the final decision.
VIRTUAL ART ACCELERATING: Many cultural institutions have temporarily closed their doors due to Covid, but viewing rates for virtual programming is skyrocketing, with some digital presentations drawing larger crowds than their in-person predecessors. “This summer our cultural organizations have been very active with programming virtually,” Miami Beach Cultural Affairs Manager Brandi Reddick told the city’s Art in Public Places Committee this week. “And whereas some events would have about 200 people in an audience for an actual viewing of the event, we’re now seeing the virtual event attract about 6,000 people, and obviously that can reach internationally.”
COFFEE, PIZZA AND A GOOD BOOK: Preparing for the Coral Gables Branch Library at 3443 Segovia St. to close 18 months for major renovations late this year, the county has proposed a new library location right on Miracle Mile. The plan is to rent at 308 Miracle Mile in the former home of GBS, the Beauty Store. The 2,242-square-foot site would be leased for $80 per square foot for up to two years, bringing the library’s patrons just a stone’s throw from City Hall. The total rental cost is to be $379,040, which includes $98,000 for site buildout and furniture costs. The library’s neighbors would include Starbucks and California Pizza Kitchen. The county’s Parks, Recreation & Cultural Affairs Committee approved the lease plan 5-0 Friday and forwarded it to the county commission for a final vote.
HOTEL RETRAINING BEGINS: A Miami Dade College program to train or retrain 2,500 unemployed hotel workers had registered 569 applicants by Sept. 4 with the aim of filling all 2,500 slots this month, the college reported to Miami-Dade County commissioners this week. The participants get a $500 stipend when they start the program and another $500 when they finish it. The county commission on Aug. 4 established a $3 million fund to operate the program and provide the stipends.