Venetian, Rickenbacker Causeway redevelopment sought
Miami-Dade County received an unsolicited proposal from a consortium of firms, identified as the Plan Z Consortium, for a project to improve the Venetian and Rickenbacker causeways and Bear Cut Bridge. Now, county commissioners are today (7/8) to discuss the proposal and authorize the mayor to open a solicitation to others for the same project purpose.
The proposal “provides a solution for bicycle and pedestrian safety improvements along the Rickenbacker Causeway, recreation, transportation, and sea level rise coastal resiliency improvements, development and expansion of parkland and beachfront along the Rickenbacker Causeway, replacement of Bear Cut Bridge, and sea level rise coastal resiliency improvements and maintenance of the Venetian Causeway,” according to the county’s file on the matter.
The consortium is composed of equity investor Partners Group (USA) Inc., and consultants Zyscovich Architects and J Kardys Strategies LLC.
Partners Group (USA) Inc., a private markets firm based in New York, since 1996 has invested $145 billion in private equity, private debt, private real estate, and private infrastructure on behalf of its clients globally, its website says.
Zyscovich Architects, headquartered in Miami, has done urban planning and design projects in Midtown Miami and Miami Beach’s Convention Center Redevelopment District.
J Kardys Strategies LLC. is a Miami Based company founded by Jack Kardys, a 36-year career retired director of Miami-Dade Parks, Recreation & Open Spaces Department and former chairman of the National Recreation and Park Association.
The county received the proposal March 3, evaluated it and determined it was “financially viable” and consistent with a multinational strategy to eliminate all traffic fatalities and severe injuries, while increasing safe, healthy, and equitable mobility that the county had previously adopted.
The purpose of the project, according to the legislative file, is the need “to provide cyclist, pedestrian, and driver safety along the most heavily traveled county corridors.” Both causeways are traveled by more than 11 million vehicles, 500,000 cyclists and 250,000 pedestrians yearly. Nonetheless, there is no physical barrier between cars and bikes.
Thus, if the resolution is approved it would authorize the mayor to open a competitive solicitation for the same project to other companies. The county estimates that fiscal impact is below $500,000 and is limited to the costs to advertise the solicitation and to review submitted proposals.