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3 - Miami City Ballet Presentation for GO Bond Oversight Committee1G.O Bond Grant Agreement G.O Bond Grant Agreement Revision to Scope & Budget Presented to GO Bond Oversight Committee Members 2G.O Bond Grant Agreement •Miami City Ballet (MCB) facility at 2200 Liberty Ave is a key cultural asset in Miami Beach. •Original grant agreement of $7,518,000 was allocated for capital improvements to this facility. •After further assessment, a revised grant agreement of $12,000,000 is needed that includes all original improvements under one comprehensive project. •Updated scope focuses on a holistic approach incorporating the building’s interior, technology, and community spaces to meet modern standards and needs. •Revised budget is justified by a comprehensive renovation rather than piecemeal fixes, maximizing long-term value from the investment and community accessibility. Context & Overview 3G.O Bond Grant Agreement •New high-definition sound and lighting systems will dramatically enhance the experience in all studios and the 200-seat studio theater. •Upgraded AV will support live-streaming, recordings, and digital presentations, extending MCB’s reach beyond the venue. •Advanced AV infrastructure enables more diverse programming including multi-media performances for the community. •Enhanced tech capabilities enable interactive educational programs, such as virtual masterclasses or digital exhibits for the public. •A robust, future-proof tech infrastructure positions the Ballet to adapt to new innovations in performance and community engagement. Audio-Visual Systems Upgrade 4G.O Bond Grant Agreement •Expanded Cultural Access: Improved spaces enable more public performances, open rehearsals, and community classes for Miami Beach residents. •Educational Opportunities: Upgraded studios and technology allow for enhanced educational programs with local schools and youth, fostering the next generation of artists. •Economic Impact: A modernized MCB attracts larger audiences and events, boosting nearby businesses and cultural tourism in Miami Beach. •Community Pride: Residents take pride in a cutting-edge cultural facility in their city, strengthening community identity and quality of life. •Long-Term Value: Investing now in thorough upgrades prevents higher costs later and ensures the facility can serve the community for decades to come. Community Benefits 5G.O Bond Grant Agreement •The revised budget of $12,000,000 is a strategic investment in Miami City Ballet’s facility that will yield substantial cultural and community returns. •Planned upgrades ensure the Ballet’s home remains safe, modern, and inclusive for performers, audiences, and residents alike. •Approving this budget increase affirms the City’s dedication to preserving and enhancing a key cultural asset for current and future generations. •This proposal is professional and fiscally responsible, grounded in clear needs and significant benefits (with no new funding source required to be identified at this stage). •Request: Approve the revised grant agreement budget to allow these critical improvements to proceed, strengthening Miami Beach’s cultural landscape. Conclusion & Recommendations 6G.O Bond Grant Agreement 7G.O Bond Grant Agreement Space Plans 8G.O Bond Grant Agreement Demo Area – Floor 1 9G.O Bond Grant Agreement Space Plan – Floor 1 10G.O Bond Grant Agreement Demo Area – Floor 2 11G.O Bond Grant Agreement Space Plan – Floor 2 12G.O Bond Grant Agreement Demo Area – Floor 3 13G.O Bond Grant Agreement Space Plan – Floor 3 14G.O Bond Grant Agreement THANK YOU!