Repaint Watson Island red flags as public green space
Nov 6th 2009
Categories: Front Page, In The News
hiWeek of November 5, 2009
Even before this week’s election picture clarifies, Miami’s new leaders face an immediate test with vital long-term coloration: What to do about a long-awaited Watson Island showcase that’s clearly painted red?
A developer who variously says he has put $49 million or $54 million into a mega-yacht marina/luxury hotels project but has yet to sign a ground lease with the city, turn a shovel of dirt or get financing keeps stumbling over relatively minor monthly rent — a big red flag.
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