American-dream-mall-miami-approved

American Dream Miami approved

North America’s biggest mall and entertainment center coming: American Dream Miami approved

By Brian Bandell  – Senior Reporter, South Florida Business Journal
Watch out, Orlando: Miami-Dade County is getting into the amusement park game.

The Miami-Dade County Commission voted 11-1 on Thursday to approve American Dream Miami, which would be the largest mall in North America and also include amusement park rides and the continent’s first indoor ski slope. The developer is Triple Five Group, owner of the Mall of America in Minnesota.

American Dream Miami was approved for 6.2 million square feet of retail and entertainment space plus 2,000 hotel rooms on a 194.5-acre site at the intersection of Florida’s Turnpike and Interstate 75. The applicant expects the project to attract 30 million visitors a year – more than Walt Disney World’s Magic Kingdom.

The county commission also approved 9-1 a mixed-use project by the Graham Cos. that would be just south of American Dream Miami.

The commission also passed 11-1 a resolution barring American Dream Miami from receiving taxpayer funding from the county, whether it be a tax break, bond, loan or tax increment financing. The developer could still seek state or federal subsidies.

“We all learn from mistakes,” Commissioner Rebeca Sosa said. “I will support this as long as there is no subsidy of any kind.”

The South Florida Taxpayer Alliance, an organization funded by mall owners Simon Property GroupGGP and Taubman Centers, had attorney Alex Hecklerpresent the commission with an objection to American Dream Miami receiving any taxpayer funding. He noted that Triple Five Group received significant public subsidies for three of its other malls.

The county commission also approved 9-1 a mixed-use project by the Graham Cos. that would be just south of American Dream Miami.

The commission also passed 11-1 a resolution barring American Dream Miami from receiving taxpayer funding from the county, whether it be a tax break, bond, loan or tax increment financing. The developer could still seek state or federal subsidies.

“We all learn from mistakes,” Commissioner Rebeca Sosa said. “I will support this as long as there is no subsidy of any kind.”

The South Florida Taxpayer Alliance, an organization funded by mall owners Simon Property GroupGGP and Taubman Centers, had attorney Alex Hecklerpresent the commission with an objection to American Dream Miami receiving any taxpayer funding. He noted that Triple Five Group received significant public subsidies for three of its other malls.

Read full article here:

South Florida Business Journal

https://www.bizjournals.com/southflorida/news/2018/05/17/north-america-s-biggest-mall-and-entertainment.html

Leave a Comment

Your email address will not be published.