Grand Central Park Miami Gets Green Light

Rendering of Grand Central Park Miami by Local Office Landscape
Using community redevelopment money, downtown Miami will be getting a new park.  The project has been spearheaded by downtown activist and entrepeneur, Brad Knoefler who owns the Grant Central event space right across the street.  The status of the current site is a giant eyesore, but the park promises to bring new life to an area of Downtown Miami that has been neglected for many years.
Below is the article from the Miami Herald explaining the details of the park’s development:
The site of the demolished Miami Arena is one step closer to being transformed into an urban — albeit temporary — park, after Miami commisioners signed off on putting $200,000 in community redevelopment money toward the project.
The commissioners, acting as redevelopment agency members, put their faith Monday in Overtown developer Brad Knoefler’s plan to use city money and private funds to build Grand Central Park on the five-acre property at 700 NW 1st Ave., where the old arena eventually known as the “Pink Elephant” once stood.
“Right now it’s an open lot. Nothing else is happening with it; no one else is stepping up to the table,” said Commissioner Richard P. Dunn II, chairman of the Overtown/Park West CRA. “I’m willing to give it a try . . . It’s a win-win situation for the CRA, for the city.”
The property, owned by Palm Beach developer Glenn Straub, will remain in private hands. Knoefler will personally guarantee to pay Straub the $22,917 monthly lease.
But with the $200,000 from the CRA, Knoefler says he can make enough improvements to the empty lot to turn it into a usable park and event space that would generate revenue by charging for parking, events and attendance for people who live outside of the CRA districts.

pmazzei@MiamiHerald.com

 

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