The City of Miami’s plan to finance their portion of the global agreement hit a roadblock last week when the County Commission deferred the approval of a findings of necessity study which declares Watson Island and Bicentennial park to be “irreversible slum and blight”. It is rumored that the Commission did not have enough votes to pass the controversial and potentially, illegal plan.
The plan, approved by the Miami City Commission, constitutes three steps:
- A Findings of Necessity study declaring Bicentennial Park and Watson Island to be slum and blight. The report, completed in May 2009 by Guillermo Olmedillo, concluded that “the existing conditions of slum and blight, if left unattended, will continue to flourish within the Study Area and beyond into the existing Omni Redevelopment Area and adjacent neighborhoods. These serious and growing conditions of slum and blight constitute an economic and social liability to the City of Miami and Miami-Dade County, and will impose onerous burdens including increased consumption of the municipal and County revenues for public services, such as to public safety, transportation, and infrastructure within the Study Area”
- Modify the ONMI Redevelopment plan to expand the boundaries of the Community Redevelopment Area to include Watson Island and Bicentennial Park (CRA monies cannot be legally spent outside the CRA boundaries), specifically mention the Port Tunnel, Streetcar, and Museum Park as desirable projects for “redevelopment”
- Issue $100-150 million in bonds against future Tax increment revenues and use the funds to finance the City of Miami’s obligation to contribute $50 million to the Port Tunnel, $20 million for the Miami Streetcar and up to $75 million to the Museum Park project.
The item is scheduled on the County Commission agenda for November 17 as a public hearing. Hopefully they will take their responsibility to regulate the Redevelopment Agencies seriously. This would involve ensuring that the proper procedures and citizen participation occurs this time around as well as investigating the legal and moral issues surrounding the issues of redirecting money from the poor to fund mega projects for the rich.
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