R9B-Announcement From Art Basel And CMB Re- 5-Yr Agreement For Use Of MBCCg MIAMIBEACH
City of Miami Beoch, 'l 700 Convenlion Cenier Drive, Miomi Beoch, Florido 331 39, www.miomibeochfl.gov
COMMISSION MEMORANDUM
Mayor Philip Levine and Members the City mrssron
Jimmy L. Morales, City Manager
DATE: May 28,2014
SUBJECT: AN ANNOUNCEMENT FROM BASEL IN MIAMI BEACH AND THE CITY OF
MIAMI BEACH REGARDING -YEAR AGREEMENT FOR USE OF THE MIAMI
BEACH GONVENTION CENTER.
BACKGROUND
Art Basel Miami Beach (ABMB) was established in 2000 as the sister event of Switzerland's Art
Basel, the world's most prestigious art fair. ABMB has become the preeminent contemporary art
fair in the western hemisphere, and an established destination for artists, galleries, collectors,
museum groups and other individuals interested in top-notch art. The main exhibition is at the
Miami Beach Convention Center with many other exhibits, parties and crossover event
extending throughout the city - making Miami Beach the epicenter of the intemational cultural
scene. Each year, ABMB spends millions of dollars producing the fair and economists have
estimated $400 million to $500 million in related economic impact as a result of the fair.
On January 1, 2013, MCH formed a United States corporation in the State of Florida by the
name of Art Basel U.S. Corp. that is a wholly owned subsidiary of MCH and will act as the new
organizer of Art Basel in Miami Beach.
ABMB's current agreement with the Convention Center expires December 2014 and Global
Spectrum and City staff has been negotiating a new agreement in anticipation of this contract's
expiration. The new agreement continues the show at the Miami Beach Convention Center for
another five years cementing Miami Beach's presence in the arts world and confirms the city's
position as a world-renowned cultural city. The five year agreement also comes at a very
important time as we embark on the renovation of the Center and ensures the continuation of
the City's partnership with Art Basel in Miami Beach.
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