R7 1 thhru R7 A4 PresentationMarina Park
MIAMI BEACH
Marina Park
Creating a new bayfront park
and additional green space
Marina
Taking the Miami Beach
Marina to the next level
Baywalk
Enhancing a Treasured
Community Asset
Lifestyle
Reprogram Existing Retail
into a Neighborhood
Amenity
Resiliency
Improving site resiliency,
addressing sea level rise
and enhancing stormwater
management
The proposed marina lease and Marina Park project
will generate the following near term benefits:
Summary of Community Benefits
Summary of Fiscal Benefits
The proposed marina lease and Marina Park project
will generate the following near term benefits:
The short term economic
and fiscal benefit will
exceed $260,000,000
Increased Rent, Increased
Property Tax Revenue,
and Sale of Air Rights
(through Year 32 only)
$260 Million+ in Short
Term Economic and
Fiscal Benefits
$147 Million Increased
Financial Return to City
The project will invest
$62,500,000 in capital
improvements over 35 years
$40M + $22.5M
Capital Investment
Capital payment to city for
upland development rights
$55 Million
Payment to City
The Marina redevelopment
will generate $9,000,000
in property taxes
($3 Million to CMB)
$9 Million
Annual Taxes
2,372 Total
Jobs Created
(2,111 non-recurring jobs/
261 recurring jobs)
Summary of Public Hearings and
City Commission Review Process
Marina Park Community Outreach
and Support
March 18 City Commission Referral
April 17 Finance Committee Review
May 6 Land Use Committee Review
May 22 Finance Committee Presentation
and Recommendation
May 26 Land Use Committee Presentation
and Recommendation
June 23 Planning Board Presentation
and Recommendation
June 24 City Commission First Reading
July 17 Finance Committee Review
July 24 Finance Committee Review
UPCOMING
July 29 City Commission Second Reading
Endorsed By:
South of Fifth Condominium Associations Presidents
- Continuum South Tower Association
- Continuum North Tower Association
- Continuum Master Association
- South Pointe Tower
- Portofino Tower
Center of Fifth Condominium Associations
- The Cosmopolitan Residences on South Beach
- The Courts at South Beach
- Ambassador Condominium Association
Miami Beach Chamber of Commerce
Miami Beach Housing Authority
The Marine Council (of South Florida)
Letters, Emails and Petitions of Support from over 250 Miami Beach
and South Of Fifth Residents
Community Outreach:
1037 Visitors to Marina Park Website
23 days and over 69 hours of Marina Park Marina Office
Community Outreach
30+ Virtual Community Outreach Meetings
Thank you!