February 20, 2014
Miami Worldcenter developers are petitioning the State of Florida for the creation of a Community Development District on 25 acres of land they own in Park West.
The CDD would be controlled by the developer, but would have the power to issue municipal bonds that would fund infrastructure improvements (which may or may not be tax free). The former Miami Arena site would be excluded from the district.
Dade County and City of Miami commissioners are being asked to pass a resolution supporting the petition.