This proposal would update an already voter approved mixed-use project on Watson Island. The already approved project includes a marina, two hotels, shops and restaurants and a waterfront promenade and would result in less overall development, meaning that there will be a reduction in the amount of commercial and retail space and fewer hotel rooms than voters had previously approved. The proposal would allow for some office space to support the shops and restaurants and allow approved timeshare residences to be condominiums. The updated proposal would result in over one billion dollars of additional tax revenue to the City of Miami. The project also includes a number of public benefits, including hiring preferences for City residents, nine million dollars of new funding for affordable housing and an expansion of the public waterfront and pedestrian promenade to allow better public access along Biscayne Bay. This project is privately funded, meaning no city dollars will be used.
While the new Watson Island Waterfront will be open to the public - not one City or taxpayer dollar will be used to build it!
Saying YES means greater public access to Biscayne Bay’s beautiful waterfront with over 2 acres of waterfront promenade and a new seawall.
The new Watson Island will create more jobs for our community, including programs focused on hiring and job training for ex-felons and formerly homeless.
This proposal includes a $9 Million donation for affordable housing and public infrastructure improvements across our City.
Shall City Charter be amended to revise existing leases at 888 Macarthur Causeway, sell 3.2 acres of leased property to tenant for fair market value, reduce overall development, extend term 24 years, waive bidding and authorize, at no cost to City:
• $9,000,000 contribution to affordable housing plus additional public benefits;
• Timeshare units become condominiums;
• Mixed-uses to include office; and expanded public waterfront and pedestrian promenade along Biscayne Bay.
Paid political advertisement paid for by Miami Residents
Say YES for Watson Island, Inc., 2600 South Douglas Rd., Suite 900, Coral Gables, FL 33134