Below are some of the FYIs in this week’s edition. The entire content of this week’s FYIs and Insider sections is available by subscription only. To subscribe click here.
CLEAN OUT THE CLOSET: In January, Miami-Dade Mayor Daniella Levine Cava unveiled her new initiative to increase county efficiency, streamline operations and ensure the highest return on spending. Last week commissioners gave her 90 days to live up to one of the policy’s four pillars: review all county policies and regulations more than 10 years old to cut unneeded regulations and red tape. The measure by Danielle Cohen Higgins, passed unanimously, directs the mayor to report within 90 days on all policies and procedures older than 10 years and recommend which ones to eliminate, repeal or modify.
BEACH DEVELOPMENT CHIEF: Miami Beach has named Steven Anthony its new economic development director, replacing Rickelle Williams, who last month was appointed the city manager of Fort Lauderdale. Mr. Anthony, who is to join the city in May, is now the vice president of business development with the Economic Development Corporation of Kansas City. Mr. Anthony holds a bachelor’s degree in business administration from Dillard University in New Orleans and a master’s in real estate from Georgetown University. Earlier in his career he was chairman of a private equity firm, a senior economic development manager at Pepco Holdings, and a business advisor to the Washington Area Community Investment Fund.
BALL PARK LEASES: The Miami Parking Authority’s board unanimously approved subleases at city-owned garages encircling much of Marlins Baseball Stadium, loanDepot Park, for Biscayne Bay Brewing Co. and physical therapist CORA Health. The brewing company will lease 9,916 square feet, with a sales space of 1,184 square feet for 10 years, with two five-year renewal options. The annual base rent is $74,588, with a 3% annual escalator and an annual percentage rent of 8% of the brewery’s gross sales and an operating charge of $49,580. CORA will lease 3,196 square feet for 66 months, with a five-year renewal option for a total of 10.5 years. The annual base rent will be $51,136, with a 3% annual escalator starting in the seventh month. The operating charge is set at $15,980, with a construction allowance of $319,600.
GAS UP, FOR NOW: Though the industry expects gas prices to soon fall, they rose 5.5 cents per gallon in Miami in the past week, averaging $3.10, according to GasBuddy. That’s 2.2 cents higher than a month ago but 42.2 cents lower than a year ago. The national average price rose 10.6 cents in the week to $3.21, up 13.2 cents from a month ago.
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