HomeMy WebLinkAboutR-78-0230RESOLUTION NO. 7 8 " 2 30
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
SELECT A CONSULTANT AND NEGOTIATE A CONTRACT
TO CONDUCT A FEASIBILITY STUbY FOR A MULTI.,
PURPOSE SPORTS ARENA IN bOWNTOWN MIAMI.
WHEREAS, the City of Miami is desirous of providing
cultural entertainment facilities in the Downtown area; and
WHEREAS, Dade County has expressed an interest in
supporting the construction of a multi -purpose sports arena in
Downtown Miami; and
WHEREAS, such a facility would support further economic
development and revitalization within the core area.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. That the City Manager is authorized to seek
consulting services to conduct a study of feasibility of a multi-
purpose sports arena in Downtown Miami.
Section 2. That the City Manager is further authorized
to contact Dade County and the Downtown Development Authority for
financial support in the conduct of such a study.
Section 3. That the City Manager is further authorized
to negotiate a contract for the conduct ofa feasibility study in
Downtown Miami with the City's participation in such a study not to
exceed $15,000. "DOCUMENT INDEX
VA& �►
Section 4. That the City Manager u orized
to appropriate $15,000 from Community Development - Economic Development
Office for the conduct of such study.
PASSED AND ADOPTED this 7th day of April , 1978.
Maurice A. Ferre
MAURICE A. FERRE, M A Y O R
PP6VED AS TO FORM AND CORRE NESS;
I/ 021 (-7#
L G. ONGIE, CITY CLERK 4 GEORGE ', K OX, JR., 2 T_ ATTORNEY
PREPARED AND APPROVED BY;
CI COMMISSION
MEETING OF
APR s' 1978
ut
MWWW
CAT? r) Ftt• 4I, FLORMA
!Ntt_R-CFF!CE iMO: NOUM
to:
Joseph R, Orassie
City Manager
Richard t. ?osmoen Y
Assistant City Manager
MAR 3 0 1978
FILE
Feasibility Study for
Downtown Sports Arena
Over the last several months the City has been approached by
several parties expressing an interest in either construction
of a sports arena in the Downtown area or leasing an arena for
professional sports use. The County Orange Bowl Resource Review
Committee, currently studying alternative locations for sports
facilities, is focusing on Downtown Miami as a prime location for
a multi -purpose arena. Recently, the County Manager suggested
serious consideration be given to locating an arena in the
Government Center. The construction of a multi -purpose sports
arena in the Downtown area would provide a much needed addition
to the cultural and entertainment facilities in Downtown and
would relate well to the City's conference center project. Recent
projects of this type in other cities have ranged in price from
$15,000,000 to $25,000,000, and some have required public partici-
pation during the initial years of operation. A number of
alternatives for operation and management exist depending on
financing sources and sports franchise availability. Other arena
projects around the country have resulted in spin-off private
development depending on location and design for multiple use.
There appears to be considerable interest from both the public
and private sectors in the development of a multi -purpose sports
arena in the Downtown area. If we and Dade County are to proceed
with this effort, a feasibility study will be necessary in order
to determine 1) appropriate size, 2) location, 3) financial
commitment for operation, if any, 4) financial commitment for
construction, if any, 5) market demand for use, and 6) feasibility
of revenue bonding.
It is my recommendation that the City, in order to support and
expedite the work of the County Orange Bowl Resource Review
Committee, proceed to seek consultant services for the conduct
of a feasibility study for a multi -purpose sports arena. The
cost of this project should not exceed $25,000 and is an eligible
Community Development expense under economic development. I would
further recommend that we seek participation from the County and
the Downtown Development Authority and that the City's portion of
this project be set at a maximum of $15,000, with the remainder
coming from the County and/or the Downtown Development Authority.
The feasibility study will probably require 90 days for completion
after a contract has been negotiated.
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