Resorts World Won’t Develop Their Property For Years, Land Leased To Art Miami

Resorts World Miami has agreed to lease their vacant downtown land to an annual art fair, according to the Herald.

The deal with Art Miami runs for multiple years, but the exact terms haven’t been disclosed.

With the lease, Resorts World is signalling that they plan to leave the 14-acre former Herald site vacant for some time.

The company filed a lawsuit against Miami-Dade in April to force a court decision on the legality of gambling at the site, but the case will likely be tied up in courts for years. The first hearing isn’t scheduled until January 2017.

 

 

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marc

Sell already, Genting. Flip it

Anonymous

Resorts World Miami would’ve been a great project. I hope there will be some hope for this project.

Anonymous

Prime lot and location …..they are not in a hurry and have the cash to hold it for as long as they want , looking for the right move …

Anonymous

What else is new?
Too many obstacles, backwards mentality, pressure from Orlando mighty parks.
This is what America monopoly does.

Anonymous

I wish Swire Properties bought this land. Atleast they get the job done.

Anonymous

or melo…….hahaha

Anonymous

Perfect spot for art miami!

Anonymous

There will never be a casino there. The opposition is too overwhelming.

MiamiHurricane

Look at the positive. Like experiences at downtown stadiums in ‘world class cities’, Miamians have a second chance at learning to walk for 10 minutes (bonus: adjusting to the horrors of walking underneath a bridge). Miami Heat fans facing a “parking shortage” thanks to World Center hub development still have somewhere to park right off the highway.

Marc305

Yet another big empty hole in the heart of Miami, this one is even bigger than the one left by Capital in Brickell. Just makes me sick when these companies buy the land with great pomp and promise only to let it sit for years, until it appraises enough for them to flip it to another developer.

Anonymous

this isnt gentings wish at all….resorts world would be up and runinng if not for corrupt politicians sleeping with disney and orlando theme parks…add that to miamis inept leadership and you have a vacant lot

Anonymous

Get your head out of your ass man.. Genting has spent millions trying to get casinos approved, they’re a gaming company and could give a shit of flipping land.

Anonymous

this is an absolute outrage to allow a developer to demolish prime real estate and leave it empty for the foreseeable future. There should be daily fines placed on the property that don’t go away until they submit an application for permit.This is ridiculous! I am not necessarily sad to see the herald building go but to leave a gaping hole in such a prime area is a disgrace.

Anonymous

Yo, you know Genting WANTS to develop it right?? It’s the Seminoles that are blocking gaming licenses to pass in Miami-Dade. Get your facts straight before you start ranting, shows your ignorance.

Anonymous

then they should not have demolished until they knew they could build! complete disgrace for them to leave the site vacant like that until they absolutely knew they could make it happen. this should send a big message to all of Miami, Don’t do trust these people, they don’t have the cities interest at heart at all. therefore they cannot be trusted with changing gaming laws to accommodate them. I say GTFO of my city!

Anonymous

Traffic will be even worse. Not their fault. If only we had baylink.

Anonymous

Oh for Christ’s sake who cares about traffic. It’s part of city life. Get over it.

Andrew

Agreed. And like there isn’t already traffic where Art Miami is now in Midtown. At least the new site is next to hotels, away from the notorious 36th St intersections, and has more transit options.

Anonymous

so there was no need to demolish the herald bldg either…..all politics…so sad