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Vote on Genting Group’s downtown Miami hotel proposal postponed to April 18

In southern Florida, a plan from global casino operator Genting Group to build a 300-room hotel on a small plot of land near to the site of its long-proposed Resorts World Miami downtown casino resort project has reportedly been delayed after local commissioners failed to hold a full vote on the scheme.

According to a report from the Miami Today business newspaper, last month saw the multi-million-dollar hotel proposal win the unanimous support of the transportation committee for the Miami-Dade County Board Of County Commissioners but the required full vote before the body was a late addition to the group’s April 4 meeting and was subsequently postponed until its next gathering on April 18.

Genting Group has been trying to obtain permission to build its giant Resorts World Miami scheme on a 5.65-acre site that once housed the offices of the Miami Herald newspaper since 2011 but its attempts have been continuously hindered by local opposition, planning regulations and an inability to secure the appropriate casino license.

However, the stalled casino plan received a boost in March after the proposal for the unaffiliated hotel scheme, which would sit directly across the street from the hoped-for Resorts World Miami development, received the consent of the local transportation committee. This calls for the Malaysian firm to be granted a 90-year lease on a one-acre plot of public land that would be home to the hotel as well as a renovated bus terminal and new-look Metromover station.

Miami-Dade County mayor Carlos Gimenez told the Miami Herald newspaper last month that the proposed hotel deal with Genting Group would generate nearly $55 million in rent and revenue-sharing payments for the county while he put the value of the transit improvements at around $22 million.

Although the plan calls for Genting Group to construct a hotel on the site within four years of receiving the appropriate approvals, the Miami Herald additionally reported that the company would be permitted to alter this designation in order to build a residential complex depending on market conditions.

Miami-Dade County deputy mayor Alina Hudak told the Miami Today newspaper last week that the hotel project is forecast to create 1,871 jobs during construction followed by approximately 171 full-time positions once completed.

“It will also stimulate the creation of 100 additional indirect jobs and provide significant revenue to the county and the city of Miami in the form of taxes and impact fees,” said Hudak.

Vote on Genting Group’s downtown Miami hotel proposal postponed to April 18 was last modified: April 11th, 2017 by Adam Morgan


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