600millionplus Convention Center Plan
By Scott Blake
A leader of the top-ranked contender to develop a Miami Beach Convention Center District says his group envisions a project worth $600 million to $900 million, dwarfing previous expenditures to improve the city-owned, 56-year-old complex.
The Portman CMC group estimates that upgrades to the convention center would cost $200 million to $300 million and says that that portion of the project would come from county and city monies, such as tourist tax dollars and bonds.
The rest of Portman’s plan — a hotel with 800 to 1,000 rooms, housing, retail space, and an entertainment venue, among other features — would cost $400 million to $600 million that would come from private monies from the group and potential financiers or partners.To read the full article and the rest of the Miami Today issue, GO TO e-MIAMI TODAY, an exact replica of the printed edition.