Swire Gets $1.6M From City To Build Brickell Intersection
City of Miami commissioners have approved a plan to pay Swire Properties $1.6 million to improve the intersection at Southeast 6th Street and South Miami Avenue.
Plans call for a rebuilt intersection that will allow for traffic to continue westbound on Southeast 6th Street. A building housing the Florida Department Of Juvenile Justice, which the city agreed to buy and deed over to Swire, will be demolished. The plan must still gain approval from the county.
The $1.6 million in funding comes from transportation impact fees paid by Swire, essentially amounting to a rebate. Swire has agreed to fund construction costs above the rebated amount.