Miami Beach Convention Center goal downsized
Underground connectivity a key to massive Swire project
As $42 million Marlins Ballpark bonding advances, tax flow sizzles
More leasing, foreign investment flood brighten Miami-Dade picture
Florida banks for 3 years have cut commercial realty loan exposure
As Port of Miami expands, a terminal operator's tenure in question
Miami-Dade County's debt doubles since 2004; majority is interest





Swire Realty
Calendar of Events
FYI Miami
Filming in Miami
Business Resource Guide
Front Page
About Miami Today
Put Your Message in Miami Today
Contact Miami Today
Job Opportunities
Research Our Files
The Online Archive
Order Reprints



Miami Beach Convention Center goal downsized

By Zachary Fagenson
   With no clear funding source for a Miami Beach Convention Center revamp, a dejected-looking center advisory board asked city commissioners to come up with a new plan by mid-summer.
   An acceptable path, many agreed, may be a slimmed-down version of the massive expansion discussed in recent weeks.
   Chair Stuart Blumberg convened the group last week after a pair of bills to provide funding for the project died in Tallahassee.
   The Beach already has $55 million from the county in its coffers and has spent about $500,000 with design firm Arquitectonica.
   With no sure way to pay for the firm's $640 million vision, the board seemed to agree that a center renovation — new technology and carpeting — a headquarters hotels and ballroom space could be a viable path.
   "We could book quite a bit of business with a ballroom," said Bob Balsam, center general manager for Global Spectrum. With a "renovation, host hotel [and] ballroom we could hang onto a lot of business we have."
   Convention trade press learned of the funding sources' deaths soon after the legislative session ended, Mr. Blumberg said, and because planners book events up to 10 years in advance, some shows are already lost.
   He circulated a report by the Greater Miami Convention & Visitors Bureau outlining business lost if the center were to be left as is — about $300 million in economic impact over the next decade for Miami-Dade County as a whole.
   Meanwhile, the Beach is looking for another consulting firm, for about $100,000, to help plan everything from pitching the project to the private sector to determining the appropriate size of the center itself, and should soon request proposals.
   "The purpose of the report is to say something has to be done," Mr. Blumberg said. "We cannot afford to drag our feet."
   
   

Read the entire content of Miami Today online when you subscribe to e-Miami Today.
 

Top Front Page About Miami Today Put Your Message in Miami Today Contact Miami Today

© Copyright 2011 Miami Today
designed and produced by Green Dot Advertising and Marketing