City of Miami Beach Two 20-year Lease Extension Options for City Property at 1691 Michigan Avenue
What your vote means
A YES vote approves the lease changes, including two 20-year extension options and 47,000 square feet of new development.
A NO vote keeps the current ground lease terms.
Our one-line summary of the official wording.
In plain words
Our summary of the official materials and local reporting.
- The city would give the private tenant at 1691 Michigan Avenue two 20-year lease extension options and allow 47,000 square feet of new building above the garage, in exchange for more rent. source: miamidade.gov
- Money: Guaranteed base rent of about $247.7 million plus estimated percentage rent of about $184.1 million over the 40 option years; percentage rent rises from 2.5% to 3% (about $13.3 million more over the remaining 64 years). source: miamidade.gov
Why people want it, and why others object
Why supporters want it
No public statement found.
Why opponents object
No public statement found.
Who backs each side
No public record found of a campaign committee or campaign money for either side.
In each side's own words where we could find them, quoted or summarized with a link to the source. We don't endorse either side.
What you will see on your ballot
ballot wording to come We publish ballot wording only after checking it word for word against the official file. The wording will come from miamidade.gov . Until then, check your sample ballot on the Division of Elections voter lookup (then your county Supervisor of Elections for your sample ballot) .
Latest news
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