AEROSPACE EXPANSION: The Miami-Dade County Industrial Development Authority will issue $4 million in bonds to fund the move of a company manufacturing interior components for the VIP and business aircraft industries under legislation up for approval this week by county commissioners. Techno-Coatings Inc., which reports it currently employs 162 people in the City of North Miami under the business name Techno Aerospace, plans to add 21 more jobs within a year after moving to its electroplating plant to its new location at 4800 NW 157th St. in Miami Gardens. Neither the county nor the industrial development authority will be responsible for repaying the bonds, which legislation says will be either tax-exempt facility bonds or taxable bonds.
FLOATING MARINE STADIUM DEAL: Global Spectrum L.P. will begin managing the Marine Stadium, Virginia Key Center and Flex Park under a five-year agreement, while the City of Miami prepares a voter referendum for a potential 40-year contract this August. The deal ensures the city will keep the majority of event revenues and up to $10 million for restoration, while Global Spectrum programs concerts, performances and community events. The Aug. 18 special election will let residents weigh in on the long-term plan. City leaders say the agreement finally provides a stable operator and a clear path to restoring and activating the historic waterfront venue.
CALLE OCHO BID: Plans to create a business improvement district along Calle Ocho in Little Havana are now underway, inviting property owners to contribute funds for street upgrades, public safety, beautification and programs to attract visitors and businesses. If a majority opt in, the district could operate for up to 10 years, with all money reinvested directly into the corridor. The initiative aims to boost the area’s economic vitality while preserving its cultural identity. Property owners will soon vote to determine the district’s final structure and participation.
UNSOLICITED DEALS: Miami is moving ahead with a review of unsolicited proposals for the 18-acre GSA lot in Allapattah, a site with potential for workforce housing, mixed-use development and public green space. City staffers are to report within 30 days, while a proposed change to code to expedite evaluation of future proposals was deferred to Feb. 26. Officials say the review could jump-start stalled redevelopment and ensure that underused public land is put to work for the community. The process positions the lot as a key driver for economic growth and new civic amenities.
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