City approves $15B investment for affordable housing and community projects

A groundbreaking $15 billion deal aimed at transforming Miami's landscape was a focal point during the recent City Commission meeting. The transaction promises significant investments in affordable housing, with $15 million earmarked specifically for this purpose.

Commissioners highlighted the multifaceted benefits of the deal, which includes plans for a new ferry terminal connecting Pam and the Frost, enhancing educational and community programming. Additionally, $700,000 is committed to developing a marine facility, while another $5 million will fund the construction of a new fire station.

The project also allocates $700,000 for the enhancement of the Japanese Garden and $500,000 for a master plan for Watson Island. The vision includes a 13.3-acre park featuring a public beach, which aims to bridge the urban core with Watson Island, while luxury condominiums are expected to boost the city’s tax base.

Commissioners expressed gratitude for the public benefits this deal brings, emphasizing that it prevents the island from remaining underutilized for decades. The meeting underscored the importance of documenting these developments, ensuring the community is informed about the transformative changes on the horizon.