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City Clerk
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ity Clerk
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Submitted into the public
record for item(s)
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City Clerk
Submitted into the public
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A world class entertainment, sports, 58-acre
park, and recreational destination in the heart
of the City of Miami that all Miamians and
:. visitors will be able to enjoy.
TECH DISTRICT IMPACT SUMMARY
Import Type Empleyement Lobar income
D rect Elrect 890 $57,I51,218
indirect Effect 375 S21,980,195
Induced Effect 425 518,657,223
Totof Effect T0189 S97,789,636
PARKIMO OPERATIONS IMPACT SUMMARY
Emp oc t Type
Direct Effect
Indirect Flied
Induced Cried
Total Effect
Employemant
f6
7
43
Labor Income
S653,107
$677,114
$314,824
51,650,045
ECONOMIC IMPACT
DURING THE INITIAL LEASE TERM
Output
SI23,479,736
S60,?36,691
S5B,127.618
S242,344,046
Output
$2,974.622
51,800,099
5980,835
55,766,666
RETAIL/ENTERTAINMENT OPERATIONS IMPACT SUMMARY
Impact Type
Direct Effect
Indirect Effect
Induced Effect
TotolEffect
Employemant
63
91
699
Lobar Income
5E3,967,968
52,965,422
5'_,991,979
520,926,369
STADIUM OPERATIONS IMPACT SUMMARY
Impact Type
Direct Effect
Indirect Effect
Induced Effect
Tatoi Effect
Empl ayem ant
10
64
134
Lobar income
S10,964,123
S770,157
S2,765,665
$14,499,944
Output
$23,485,058
$9,967,4BB
$12,437,924
$46, 890,471
Output
S16,499,999
SI,666,584
58,628,396
$25,794,983
Submitted into the pu lie
recoil r for i em(s)
on
HOTEL OPERATIONS IMPACT SUMMARY
City Clerk
Impact Type Employemant Labor Income Output
DrecIEffect 280 $11,768,010 $35,749,188
tndirect Effect 80 $4,215,229 $12,250,776
tnducc-J Effect 66 53166.962 S11)38.2/5
Total Effect 446 $19,750,201 $69,738,238
Impact Type Ernployement Labor income Output
Direct Effect 1,795 S94,509,426 S201,188,603
rndirectElfect 544 S30,608.117 586,421,640
Induced Effect 672 S29,496452 S91,913,051
Total iffect 3,010 S154 614,795 S379.523,293
Submitted into the public
record for items) _
on c l j O City Clerk
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DIRECT BEIIEFITS
TO THE CITY01 MIAMI
• $2.67 Billion in rent payments to the City of Miami
over the lease term
• $6.3 Billion in tax payments to the City of Miami
over the lease term
• Create 15,000 Direct and Indirect Jobs
• $OMM park contribution
• $5MM Baywalk / Riverwalk park contribution
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ESTIMATED DEVELOPMENT COST
0. 4 I
414
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ESTIMATED DEVELOPMENT COSTSP
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• Infrastructure & Pre -Development Costs ..
• Stadium Construction Costs
• Commercial Development
Construction Costs
• Soft Costs
$12OM M
$350MM
$529MM
$18OMM
Total Estimated Development Costs
$1,18 0 M M
City Clerk
Submitted into the pudic
record for itSm(s)
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The largest park in the city
Submitted into the pu i li
record for item(s)
an
City Clerk
TechHub that will underscore Miami
as a Global Innovative Citytt-,.
Submitted into the public
reccr for i em(s) SjOL
on 4 City Clerk
DEVELO Piti1t;j'
•'`"�1��'#
Jr 'City Clerk
Submitted into the pu
recor€j for it m(s)
on
A world -class soccer stadium
Submitted into the public
record for itern(s) S'Ifk --t-
on a_ City Clerk
Submitted into the public
record or iteI t(s)
on
City Clerk
Submitted into the public
record f r item s)
on-�, ity Clerk
MIAMI FREEDOM PARK