Biz Journals posted an article about various proposals for the Miami Beach Convention Center. Portman-CMC gave a $1.15 billion proposal while South Beach ACE submitted a $1.2 billion proposal. Both of them included commercial development which will be on city-owned land. They will be responsible for other private components such as a hotel and retail locations. Each company will continue to revise their plan to give people a better understanding of their goal.
Read more about the Miami Beach Convention Center on Biz Journals.
CPExecutive recently wrote an article on a new cost effective master plan for the Miami Beach Convention Center. Portman-CMC mentioned the city staff and officials for their cooperation in regards to financing, management and land leases.
The CEO of Portman Holdings, Ambrish Baisiwala, stated “No new taxes and less bonding in order to finance the convention center improvements and expansion, as well as associated parking and infrastructure improvements.”
Portman-CMC’s main approach to the Miami Beach Convention Center is to focus on lower heights for buildings, offer easy connectivity to the areas surround the center, provide an exceptional urban environment, and to make sure that there is an economic benefit.
You can read more about the Portman-CMC Reveals Cost-Effective Master Plan on CPExecutive.