Miami Condo Market and Lifestyle Updates
Miami Mayor Might Veto Plans for Tri-Rail’s Station in Downtown

Miami Mayor Might Veto Plans for Tri-Rail’s Station in Downtown

by Sep Niakan | March 26, 2015

The Downtown Miami station planned for the Tri-Rail might never come to be.

The Tri-Rail is a commuter rail service under development, and they need to raise $69 million in order to fund the project. The Miami-Dade County Commission is up for voting on the negotiations for a financing package, but the Mayor of Miami, Tomás Regalado has outwardly said that he will veto any plans to give money to Tri-Rail for the project.

The Miami-Dade commission is scheduled to vote on a financing package for the South Florida Regional Transit Authority, which runs the Tri-Rail, on March 26.

The city manager will make a recommendation on how to distribute the funds, then it would be sent back for a vote on April 9.

The plan is for Tri-Rail to be built alongside All Aboard Florida’s (AAF) upcoming stations, which are going to begin construction in a few weeks. If AAF begins construction without Tri-Rail, then they could lose a big opportunity due to the potential rise in land prices.

AAF said that they would take care of the $69 million if they could count on the county and city to pay their part. However, the mayor could veto the plan and negate all negotiations.

All Aboard Florida plans on having their Miami to Orlando rail service open in downtown by the end of 2016.

 

Source: miamitodayniews.com

Photo credit: Station -  miamitodayniews.comTrain -  wikipedia.orgMap -  transitmiami.com

Recent posts

Lifestyle

What to do for November in Miami?

by Sep Niakan | November 02, 2017

It’s Thanksgiving month and you’ll have plenty to be grateful for if you’re in Miami. The run up to the holiday season just got more exciting. Catch comedy nights, live concerts, art shows, parades and even a NASCAR championship...

Real Estate News

Miami’s New and Pre-Construction Condo Update: September 2017

by Sep Niakan | October 29, 2017

From Hurricane Irma’s impact to change of sales teams, we have it all covered in our September Issue of pre-construction news from Miami’s condo market. Read on to know more…     Completed   Louver House...

Real Estate News

Luxury Miami Condo Report : Sept 2017

by Sep Niakan | October 25, 2017

Miami Luxury Condo Report Overall Market Report Summary City and Neighborhood Luxury Condo Reports             Miami Beach Luxury Condo Report                  ...

Real Estate News

Miami’s Luxury Real Estate Makes a Statement with High-fashion Brands

by Sep Niakan | October 23, 2017

Love the finer things in life? Swear by your brands? What if you could “live” in one of your favorite brands? In Miami you can do just that. From Fendi to Armani and Porsche, the luxury branded condo trend has hit Miami in a big...