Negotiations will begin within the next few days on a subsidy deal for the Marriott Marquis Miami Worldcenter Hotel & Expo Center.
Developer MDM wants a tax rebate that could be worth at least $100 million. Company representatives told Southeast Overtown Park West Community Redevelopment Agency board members yesterday that they hope to have a deal finalized by later this month, the Herald reported.
The $750 million project is expected to include 1,800 rooms and 600,000 square feet of convention space.
Construction permits were applied for earlier this summer. The project is forecast to open in fall of 2018.