Monorail To Miami Beach Will Not Be Impacted By Genting Hong Kong Issues, Company Says

The consortium building a monorail to Miami Beach says the project won’t be affected by problems being faced by Genting Hong Kong, according to the Herald.

There were concerns over the monorail, since Resorts World Miami, a partner in the project, had a parent company which shared a name with a company in Hong Kong facing financial issues.

Earlier this month, a company called Genting Hong Kong was said to be preparing to liquidate, with one of its assets, the Crystal Symphony cruise ship, ordered to be seized by U.S. marshals.

Infrastructure firm Meridiam is the head of the consortium building the monorail, with Resorts World Miami a partner.

Resorts World Miami has a parent company called Genting Malaysia, itself controlled by Genting Berhad.

In an email to the county, a manager for Meridiam explained that “Genting Hong Kong is a public company that is not a subsidiary nor an entity of Genting Malaysia Berhad or its Resort World properties.”

The operations of Genting Hong Kong have no impact on Resorts World or the monorail project, the email said.

County commissioners approved a deal with the Meridiam partnership to build the monorail in 2020, and negotiations to finalize a development deal are now underway.

The project would include a monorail stop on the Resorts World Miami property.

 

 

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Melo is sigma and chad
1 year ago

Extending the metromover and triple car it is far better.

Anonymous
1 year ago

… and cheaper!

Anonymous
1 year ago

…and slower, plus it needs newer, longer cars.

Anonymous
1 year ago

I guess you can see way into the future and that’s how you know the Metromover needs faster cars (I guess 75 mph between stops is what you prefer), plus newer and longer cars.

Anonymous
1 year ago

This is the funniest thing I’ve read. The county is really looking for any reason to give this bankrupt company millions of OUR tax dollars!

What a shame. These people should lose their jobs for this level of incompetence.

Anonymous
1 year ago

How is the County giving them millions of our tax dollars?

Anonymous
1 year ago

The county will be responsible for operating this boondoggle.

William
1 year ago

The implied rate of return on this project is quite high. The smart thing to do with municipal lending rates this low is simply to borrow the money and extend the metromover.

Anonymous
1 year ago

Ideally the extension should be a part of metro rail… but a metro mover expansion would definitely be better than this shit

BDub
1 year ago

From MIA branch after Culmer, add stops at E11even/World Center, Ferré Park (w Mover transfer), Watson Island, Alton, Ocean.
But that would give Metrorail two real lines and add places people really want to go.
Can’t have that.

Anonymous
1 year ago

Why ? So you can get beat up by homeless loser while standing up ?

Anonymous
1 year ago

You must get your ass kicked a lot?

Anonymous
1 year ago

Did you really read the article ?

Anonymous
1 year ago

Genting Malaysia has their own issues, hopefully enough so to keep this boondoggle from ever happening.

Anonymous
1 year ago

I doubt anything will actually get built

Anonymous
1 year ago

This article is a waste of time.
It will be 2050 and we’ll still be debating where to make the stops, if it’s going to be elevated or not and if it’s going to be a separate line, metrorail or metromover. Please don’t insult my time. I will not read it.

Anonymous
1 year ago

At the rate things are going, debate in 2050 will be outlawed.

Anonymous
1 year ago

You nailed it but in actuality, debate is not allowed in the present. Look at big tech deleting and blocking messages that don’t fit their agenda or that insults the D. party. Why do you think they blocked everything about Huntr Bn just before the election?
But consequences are consequences. I hope all the idiots who voted Bn are now happy with all the crisis, inflation, lawless border, crime, gas prices and international fallout

Anonymous
1 year ago

waaahhhh aaaa aaaa aaaaa… mein fuhrer lost!!!…

Anonymous
1 year ago

No he didn’t.

Melo is sigma and chad
1 year ago

It will be, because there is nothing there where the monorail station is being built. Genting needs to build a mixed use development there. Have a token “convention center” there, until they finally get casino rights to build it out.

Anonymous
1 year ago

Never will take casino license and they know it very well.

Anonymous
1 year ago

prediction…..genting sells entire holdings and another developer builds mixed use on herald property….gambling on this site may never happen and genting could make a bundle selling this parcel

Anonymous
1 year ago

I hope you’re right.

Anonymous
1 year ago

We want an expansion of the Metromover!!!!!!!

Anonymous
1 year ago

And to pay for it, just start out with 75 cents to take it if you’re not transferring from the Metrorail. Anybody who refuse to pay that measly fare, fuck em, they can walk.

Anonymous
1 year ago

We want Metrorail. You want Metromover because you’re a trust fund child who would rather spend your money on overpriced food in Wynwood than pay a fare for proper transit.

Anonymous
1 year ago

I agree, Metromover isn’t a legit form of transit imo but would obviously be a better option to connect downtown and the beach. Metrorail is the best option.

Worlds best comedian
1 year ago

Monorail won’t be affected ….they have a one track mind . — my one liner!!

Anonymous
1 year ago

Only one thumbs up from me.

Anonymous
1 year ago

Why can’t we get one unified system like Metrorail throughout?

Anonymous
1 year ago

They should get with Elon Musk and build an underwater tunnel to the MiamiBeach that has only electric cars going thru it.

lol…

Anonymous
1 year ago

Prediction: Genting will be so sick of this crap, they’ll just abandon the whole thing.

Anonymous
1 year ago

Stop this while we’re still capable

Anonymous
1 year ago

This monorail is a waste of time and money. And the only reason it’s happening is because a private company submitted an unsolicited proposal that was banking on building a casino. It sounds like the punch line to a bad joke, not a transit solution. Nobody planning it has imagined what it’ll be like for someone to use this system on a daily basis. Transfer, transfer, transfer.

Anonymous
1 year ago

Metromover is already being extended into the Design District. Why not make it a new Beach Loop over the Tuttle and back to the mainland via the MacArthur? Faster, newer cars with seating are available once the control/signaling system gets upgraded (which is also already happening).

Anonymous
1 year ago

Not so fast. The design district thing is an expansion PROPOSAL, not a sure thing by any stretch. The only Metromover news MD County’s own website lists is a Metromover system upgrade at a whopping $153 million. No mention of a design district extension.

Anonymous
1 year ago

Yeah sure, and I’d like to sell you the bridge to Port Miami. What a bunch of hog wash.

Anonymous
1 year ago

Meaning Carlos Gimenez got his cut and before leaving office.

Anonymous
1 year ago

if you think there will ever be public transit to miami beach… joke’s on you LOL

Living off A1A
1 year ago

After reading the article >>> I went to Genting own corporate site. The Genting Group lists Genting HK & Genting Berhad as subsidies of the Genting Group. Also, Resorts World Properties as a subsidy >>> of which Resort World Miami is a part of. It’s a whole bunch of PR Double-Talk.

Mayor?
11 months ago

Genting should be axed now. What a joke. Genting was never qualified. What will Mayor Cava do?

Anonymous
1 year ago

Make it happen.

Anonymous
1 year ago

Hopefully they build it right. It will be tourist attraction.

Azarius
1 year ago

That’s funny to everyone saying Genting is bankrupt 😂🤣🤑

Anonymous
1 year ago

What’s really funny is that you take the word of some Genting PR flunkie at face value.

Azarius
1 year ago

And what is your opinion based off of…

Anonymous
1 year ago

My web research of Genting Malaysia’s current business issues…..stick with the PR doubletalk, it’s easier for you to comprehend.