Moishe Mana is asking for Miami to create a community development district that would allow him to pay for millions worth of site work needed to build Mana Wynwood.
The CDD could allow Mana to effectively take control of property taxes on his and neighboring properties, and issue millions worth of bonds to pay for infrastructure work. Miami Worldcenter won approval for a similar plan last year.
Miami’s commission is scheduled to vote on the newly revealed Mana CDD on September 8, along with a second reading of the development agreement and (revised) Special Area Plan for his project.
The legislation that the commission will vote on states:
the various onsite and offsite infrastructure and related public improvements to be provided by the CDD for the Project shall not conflict with the special assessment for services levied by the Wynwood Business Improvement District
Wynwood’s BID is scheduled to hold an emergency meeting today over Mana’s last-minute plan to strip millions in public benefits from the neighborhood.