Fiscal Benefits

$40M+$22.5M Capital Investment

The project will invest $62,500,000 in capital improvements over 35 years

$55 Million Payment to City

Capital payment to city for upland development rights

$147 Million Increased Financial Return to City

Increased Rent, Increased Property Tax Revenue, and Sale of Air Rights (through Year 32 only)

$9 Million Annual Taxes

The Marina redevelopment will generate $9,000,000 in property taxes ($3 Million to CMB)

2,372 Total Jobs Created

(2,111 non-recurring jobs/ 261 recurring jobs)

$260 Million+ in Short Term Economic and Fiscal Benefits

The short term economic and fiscal benefit will exceed $260,000,000

Improved Financial Lease Terms

Marina Lease and Marina Park Project: Overall Increased Revenue to the City

Total increased revenue to the City from new Marina Lease and Project: $147M in net present value*

Additional Economic and Fiscal Benefits

PLEASE CAREFULLY READ THE FOLLOWING TERMS BEFORE USING THIS WEBSITE. Continued use of the website signifies your acceptance of, and agreement to be bound by, each and every one of the following terms and conditions:

This Project is being proposed by Marina Park LLC, a Delaware Limited Liability company (“Proposer”), which has a limited right to use the trademarked names and logos of Terra Group. Any and all statements, disclosures and/or representations shall be deemed made by Proposer and not by any other legal entity.

All images and designs depicted herein are an architects’ conceptual renderings, which are based upon preliminary development plans, and are subject to change without notice in the manner provided in the offering documents. All such materials are not to scale and are shown solely for illustrative purposes. All proposed Fiscal Benefits and proposed Concept Design are subject to obtaining final City of Miami Beach Commission approval and voter approval at referendum.