Ultra Music Festival Will Pay A Minimum Of $2M In Rent Under Proposed Agreement

The city of Miami and Ultra Music Festival have a new draft agreement for the use of Bayfront Park which will see rent at least double.

The new agreement includes:

  • $2 million in minimum annual rent, with a percentage charge on ticket sales that could boost that number
  • Usage period of the park limited to 30 days
  • Decibel level limits during festival, and time limitations on sound and light checks
  • $1,000 per minute surcharge if the event extends past midnight
  • Restoration of park to original state, and coverage of extras like police and fire

The agreement is scheduled to be reviewed by Miami’s commission at a meeting on July 26.