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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #6653 Date: 10/11/2019 Commission Meeting Date: 11/12/2019 Requesting Department: Department of Real Estate and Asset Management Sponsored By: District Impacted: District 1 Type: Discussion Item Subject: Discussion - Miami Freedom Park Soccer Stadium Project Purpose of Item: A Discussion Item of the Miami City Commission providing an update on the status of the negotiations between the City of Miami and Miami Freedom Park, LLC for the lease and development of a soccer stadium, public park, technology hub, art and entertainment spaces, food and beverage venues, and a hotel and conference center with ancillary commercial uses at 1400 NW 37th Avenue. Background of Item: The City of Miami ("City") is the owner in fee simple of approximately one hundred thirty- one (131) acres of real property generally located at 1400 Northwest 37th avenue, Miami, Florida, and commonly known as the Melreese Golf Course ("Site"). Miami Freedom Park, LLC ("MFP") desires to design and develop approximately seventy-three (73) acres of the Site ("Demised Property"), for the purposes of constructing a soccer stadium, public park, technology hub, art and entertainment spaces, food and beverage venues, and a hotel and conference center with ancillary commercial uses ("Project"). On July 18, 2019 the City Commission approved a ballot question and Charter amendment for voters to approve the proposed Project and lease with MFP. The voters approved the ballot question and Charter amendment on November 6, 2018. The City and MFP are currently in the process of procuring third party consultants for purposes of conducting the necessary due diligence and negotiating the terms of various agreements for the development of the Project for the Demised Property in accordance with the terms of the approved Resolution and Ballot Question. Budget Impact Analysis Item has NO budget impact Total Fiscal Impact: Reviewed B Real Estate and Asset Management Yvonne Hernandez Office of Management and Budget Christopher M Rose City Manager's Office Fernando Casamayor City Manager's Office City Commission City Commission Nikolas Pascual Nicole Ewan Nicole Ewan Department Head Review Budget Review Assistant City Manager Review City Manager Review Meeting Meeting Completed 10/11/2019 4:10 PM Completed 10/15/2019 4:22 AM Completed 10/15/2019 9:53 AM Completed 10/15/2019 1:42 PM Completed 10/24/2019 9:00 AM Completed 11/12/2019 9:00 AM