Deal To Build $1B Miami Freedom Park Finalized, Set For Commission Vote

The developers of Miami Freedom Park say they have finalized negotiations with the city to build a $1 billion complex and expect commissioners to approve the deal shortly, according to the Herald.

The $1 billion project will include a soccer stadium, offices, hotel, shopping mall and parking garages, among others uses.

Mayor Francis Suarez told the paper that the city has now reached an agreement in principle with the developers of the project.

To obtain control of the green space currently owned by the city, the developers will relocate their soccer team here for at least 30 years, and promise to use the name “Miami” in the team name.

There has not been any increase in the $3.5 million minimum base rent the developers would pay since the proposal was first unveiled in 2018.

However, the city may now get a 5% cut of stadium naming rights, if a naming deal exceeds $8 million.

The developers will also pay $20 million towards improvements of the adjacent park, and $5 million toward the riverwalk and baywalk (to be paid in installments). They will also pay for soil remediation at the project site.

The developers say they expect to win approval for the 99-year rights to the 131 acres of land in a no-bid deal.

They will use 73 acres for their project, while renovating the remaining 58 acres as green space.

The land is currently used as the only municipal golf course in the city, the Herald said. It is also located next to Miami International Airport, which is opposed to the project over aviation safety and traffic concerns.

Jorge Mas, the managing partner of the group, claimed he could be able to break ground in Fall 2022, with completion in late 2024.

 

 

 

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Anonymous
13 days ago

I wish it was coming to Overtown but I’m happy to finally see this moving forward.

Anonymous
13 days ago

Overtown is set to become a cooler neighborhood. There are other BIG plans in place for it and this wasn’t it.

Anonymous
13 days ago

The University of Miami is also considering a 35,000 seat stadium. They should consider a joint development. This site is probably acceptable, but there are other sites which could be better.
One possibility is a site in Overtown that was never considered. It is west of the FEC tracks and just south of I 395. This area is less than 1/4 mile from the Brightline and Overtown station. It would be adjacent to the park under the new Miami Signature bridge.
The rework of I 395 should be complete in about 3 years.
The site has better rail access is close to Miami World Center and has nearby parking garages.

Anonymous
13 days ago

Why would UM built a stadium miles away from their campus, unless a satellite one opens in Overtown?

Anonymous
12 days ago

easy enough to get to downtown from campus tho, w/ metro

Anonymous
10 days ago

Pretty sure that’s where they plan on building the innovation center (if it ever happens)

Anonymous
4 days ago

They should buy sunset place and make it their stadium

Anonymous
13 days ago

Socalism for the wealthy, capitalism for the rest of us.

This is a cash give away to a bunch of men who are laughing at all the property owners in Miami, who will foot the long-term bill for this.

Melo is sigma and chad
13 days ago

There is plenty of socialist programs for the poor of the U.S. even more than in China. stop repeating those Bernie lies, you’re repeating his exact tweet.

Anonymous
13 days ago

And what do you know about China?

Anonymous
13 days ago

Stop acting as if the U.S is doing any favors for anyone.

Anonymous
13 days ago

Their government doesn’t have to give its people free shit. We have been giving our country away for free for over twenty years, and then they sell us overpriced cheap shit.

Anonymous
12 days ago

NOTHING!

William
13 days ago

The remediation of the landfill is tons of money. You can spin this with “give away” commentary. But reality is… the dump that is there.. is toxic. Its been capped for years for that reason. And that is a huge component of the dollar calc.

Melo is sigma and chad
13 days ago

Repeating that same bernie sanders lie

Anonymous
12 days ago

Can you possibly be more ignorant?

Anonymous
13 days ago

The developers will be doing a major environmental cleanup the city and taxpayers won’t have to I believe. Win win.

Anonymous
13 days ago

This is capitalism!!!
Yayyyyyyy

Anonymous
12 days ago

^another Bernie twat

Anonymous
13 days ago

Most certainly not enough money for the land, should be 5x that at minimum

J.M.
13 days ago

And what’s the alternative? A golf course that most people don’t even know about much less actually use?

Anonymous
12 days ago

How much are the competing bids for the land? Yeah.

Brooklyn
13 days ago

$3.5mm per year seems cheap. The land is probably worth north of $200m (53 acres x 43,560 SF/acre x $100 per land foot).

The City should require the development of some form of mass transit to this site.

I agree with Manolo Reyes comments in the Herald that the stadium seems like an after thought. This is a real estate play for Mas.

piltrafa
13 days ago

exactly

Anonymous
13 days ago

There is already a mass transit connection. At least if a ~350m walk from the MIA Metrorail station doesn’t seem like too much. Also that’s if they build it according to that image above

Anonymous
13 days ago

ULTRA is gonna look good there.

Azarius
13 days ago

Ultra wants to be downtown at bay side where it has always been

Anonymous
13 days ago

Why, because YOU said so?..

Anonymous
13 days ago

Expand the Metortail to the park and continue it to FIU

Anonymous
13 days ago

expand metrorail to this stadium? they have a metrorail station about 3 blocks from the stadium, the developers said they were going to built a pedestrian bridge to this park

Anonymous
13 days ago

Maybe expecting someone to look at a picture or a map is too much to ask

Anonymous
13 days ago

They must use metrorail more often to learn the stations.

Anonymous
13 days ago

Connect Marlins Park with a stand alone transit system for expanded parking and future events such as Pan Am games.

Anonymous
13 days ago

Are they required to create an equal amount of green space as they remove? Where are all those new parks going to be located? Those should be secured, not just money, into a slush fund with the promise of some green space, somewhere, someday.

Anonymous
13 days ago

Yea I thought that was their last real hurdle trying to find land in the city to replace the park space…

Anonymous
13 days ago

Boom, bitches!

Anonymous
13 days ago

There has not been any increase in the $3.5 million minimum base rent the developers would pay since the proposal was first unveiled in 2018.

****************PRISON FOR CROOKED POLITICIANS***************

Anonymous
13 days ago

If the deal is finalized, why not release it for public comments? Seems fishy and I smell more lawsuits coming.

Anonymous
13 days ago

Nah.. we, the public, feel that this is one of these useless entities that should be taken off our backs.

Anonymous
13 days ago

the political contriBribetion checks have cleared

Anonymous
13 days ago

Biden doesn’t live in Florida, but guess who does?

Anonymous
13 days ago

Naming rights will come in much higher than 8m so the city should make bank there. Overall it’s going to be an exponentially greater revenue generator than the existing golf course and that the developers are paying to remediate the land is worthwhile.

Anonymous
10 days ago

The Miami Heat’s deal just equated to $7m a year. So if that 5% above $8M is annually they will get ZERO. If it’s over the life of the deal it will still equate to peanuts. Lets say they get $6m a year over 20 years, they’d receive $280K a year LOL. PEANUTS.

Anonymous
13 days ago

So what happens with his Overtown lot that he managed to acquire but didn’t do anything with it?

Anonymous
13 days ago

The new owner Jorge Mas didn’t like Overtown

Anonymous
13 days ago

Simple, he’ll do just like the other land bankers in Miami does, he’ll hold it until he’s offered the right price.

piltrafa
13 days ago

jorge mas sabotaged it and saw melreese park as a good idea for a land grab

Anonymous
13 days ago

Love the amount of green space included!! So important for this project to capitalize off of our unique tropical climate giving residents and visitors a unique experience to other new stadiums like SoFi and Allegiant. This is a perfect opportunity to extend Metrorail west and provide better public transportation in the city.

Anonymous
13 days ago

Building a stadium right next to the airport is a terrible idea. From traffic and safety concerns, to just enjoying the game and not hearing constant planes flying over head.

Anonymous
13 days ago

“Building a stadium right next to the airport is a terrible idea”

So that’s why you decided not to do anything with this site with your money?

Anonymous
13 days ago

If stadiums aren’t downtown, generally they’re next to an airport (i.e., Tampa). Only in South Florida are stadiums built elsewhere, like Dolphins Stadium in hell (a.k.a. Miami Gardens) BB&T Center in Sunrise (a.k.a. poor man’s Doral).

Anonymous
13 days ago

There are big stadiums that are neither downtown or next to airports and further than Dolphin from MIA.

Arrowhead in Kansas City is 28 miles from the airport and not downtown. Empower Field in Denver is 20 miles away from airport, and not downtown. Gillette is 27 miles from Boston’s airport and not in downtown Boston or Foxborough. The list goes on.

Anonymous
12 days ago

Just cause other cities do that doesn’t make it smart.

Anonymous
12 days ago

Suburban stadiums are dumb though

Anonymous
13 days ago

How safe is this for flight’s leaving and entering the MIA airport?

Anonymous
13 days ago

Why don’t you do your own study and find out?

Anonymous
13 days ago

He’s being sarcastic.

Anonymous
13 days ago

The article states “It is also located next to Miami International Airport, which is opposed to the project over aviation safety and traffic concerns.”

Since a Google search did not show why the arena can cause safety and traffic concerns I posed the question. If you have nothing of value to contribute keep your mouth shut or in this case don’t respond do my question.

Anonymous
13 days ago

“Since a Google search did not show why the arena can cause safety and traffic concerns”

That means you have to do some further researching to find and answer to your question. If you can’t find an answer, then keep your mouth shut and don’t ask anybody to research for you.

Anonymous
12 days ago

Its issues related to aborted takeoffs or the like. The one-in-a-million emergency that could lead to a plane crashing right outside the airport. Since this location is located downward from the runway, that’s their concern.

The traffic… well shoot, have ya ever driven thru that Le Jeune corridor? Its a mess. Especially as things near that nightmare 195/Okeechobee intersection

Anonymous
13 days ago

Extend Metrorail south from Miami Airport to Douglas Road Station.

Anonymous
12 days ago

That’s great but HOW THE FCK is anyone going to make it there without swallowing the insane traffic. They better have a comprehensive mass transit plan or I don’t see pple making the trek for this. Also, its steps away from MIA. Maybe a little too close. IDK. Seems like the billionaires and Beckham made out like a bat out of hell with land grab I mean soccer deal.

Anonymous
12 days ago

Take the metrorail or Tri rail

Anonymous
12 days ago

Good luck getting to the fucking airport when there’s a game.

Anonymous
11 days ago

Good luck staying in your house when the next hurricane hits town.

William
13 days ago

Not sure if the $’s work but this is still better than a landfill covered with a golf course. I generally like it. Though, I would put a portion of that canal into a culvert, just like it was done at the airport and NW 25st next to jackson west. This would help with pedestrian access from the intermodal center.

Anonymous
13 days ago

At least it doesn’t look like a huge pink toilet bowl anymore.

Anonymous
13 days ago

Happy to see development. But seriously – who watches soccer! They can barely get fans at Marlins games.

Anonymous
13 days ago

who watches soccer? south, central americans and young cubans

Anonymous
13 days ago

Cubans, Caribbean people, and white people are supposed to be baseball fans, and again marlins stadium is empty. Miami is just a basketball/football city.

Anonymous
13 days ago

It’s a basketball/football city because it hasn’t had a soccer team for its people to support

Anonymous
12 days ago

Guess you and 3 others have no clue about the Mami Fusion. I am not even a soccer fan and I remember them.

Anonymous
12 days ago

The “Miami” Fusion, located in North Fort Lauderdale.

Man, wonder how that didn’t work

Anonymous
12 days ago

^ um, yeah man, Miami should just go with more parks and museums.. that’ll do it…

lol…

Anonymous
13 days ago

They watch European and South American soccer, not MLS.

Anonymous
13 days ago

All over the world watch football as everyone call it except the rednecks.

Anonymous
13 days ago

Like 3.5 billion people, its the worlds sport after all

Anonymous
13 days ago

Most of them don’t live in Miami, though

Anonymous
13 days ago

Most of them don’t live in Miami ? It looks like it is you who doesn’t live in Miami and don’t know the demographics of this city

Anonymous
13 days ago

I have spent my whole life in Miami, LOL. People do not like soccer, generally speaking, in this area. White, black, and cuban people generally don’t watch it at all while central/south americans usually are off it by the 2nd generation. I don’t really care, I just think this is going to be a stadium that sits empty.

Anonymous
13 days ago

White people don’t like soccer ? When you talk about white people are you referring to anglo Americans? the newer generations of Cubans do like soccer as well as black Caribbeans, south, central Americans and Mexicans. You are still in the 90’s. since Messi and Cristiano Ronaldo became superstars soccer became very popular in countries were baseball was the number one sport

Anonymous
13 days ago

Soccer is the king of the sports. The only reason which don’t became popular in usa its the lack of commercials during the game.

Anonymous
12 days ago

^No, it is because it is BORING!!!

Anonymous
12 days ago

You do realize every soccer game at Hard Rock Stadium (which has a way higher capacity than this stadium will) sells out right? Miami loves soccer

Anonymous
13 days ago

Get the Metromover there like now!

Anonymous
13 days ago

Close MIA and extend Metromover to all destinations!

Anonymous
13 days ago

At least we’ll have a few more years of InterMiami games in Fort Lauderdale without the trek down to west Miami.

Anonymous
13 days ago

“Freedom” Park?

Anonymous
13 days ago

No bid deal. You gotta love it. No shame. Crony capitalism at it’s finest.

Anonymous
13 days ago

I hope they save the trees

YIMBY
13 days ago

Build More. Much Much more.

Anonymous
13 days ago

This is great. Finally. I’m super excited about this project.

Anonymous
12 days ago

How about tax them more and use that money to fix infrastructure police and fire stations around the city????

Anonymous
12 days ago

$3.5 million annually flat rent is a mf farce. This town is so effing corrupt