Week of January 17, 2013
| $600-million-plus convention center plan By Scott BlakeA 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. |
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