Worldcenter CDD Funding Will Upgrade Metromover Stations, Add Parks

Dade commissioners granted final approval to a special taxing district for Worldcenter yesterday in a 12-0 vote.

Worldcenter developers will now be able to issue about $73 million worth of bonds to pay for infrastructure, later paid back by tax revenue. The Community Development District improvements will include:

  • Metromover station enhancements – $7 million
  • Parks/Landscaping/Lighting/Signage – $31.2 million
  • Wider sidewalks/Roadway improvements – $23.1 million
  • Water/Sewer/Stormwater systems – $11.1 million

According to the documents presented by Worldcenter to commissioners yesterday, Phase 1A and 1B of the project will include 815,000 square feet of retail, 1,016 condo units, 1,424 rental units, and 150 hotel rooms. The second phase will include 111,500 square feet of retail, and another 3,950 condo units.

The total number of residential units is 6,390.