HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #6882
Date: 11/25/2019
Commission Meeting Date: 12/12/2019
Requesting Department: Department of
Real Estate and Asset Management
Sponsored By:
District Impacted: All
Type: Discussion Item
Subject: Discussion - Update for Miami Freedom Park
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 conducting the necessary due
diligence and negotiating the terms of the various agreements for the development of
the Project and lease of 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 Aldo Bustamante
Office of Management and Budget Christopher M Rose
City Manager's Office Fernando Casamayor
City Manager's Office Nikolas Pascual
City Commission Maricarmen Lopez
Department Head Review
Budget Review
Assistant City Manager Review
City Manager Review
Meeting
Completed
Completed
Completed
Completed
Completed
11/25/2019 10:51 AM
11/26/2019 12:25 PM
11/26/2019 1:44 PM
12/02/2019 2:46 PM
12/12/2019 9:00 AM