Miami’s Baywalk and Riverwalk could both be completed within a few years, if a Miami commissioner has his way.
The city’s current plan is to force developers to build walkways only when they actually build a project, but that process could take decades as land bankers sit on their properties.
Instead, Ken Russell says that the city should issue $25 million worth of General Obligation bonds to pay for it up front and build it immediately – regardless of development status. Developers would then be forced to reimburse the city for the construction costs at the time that they actively begin building and trigger the requirements.
The Riverwalk and Baywalk are supposed to eventually run from the Miami River up through Edgewater in a continuous path.