By population and size, Miami is actually one of the smallest U.S. cities that anchors a major metro area. Well, local leaders want to make the city a bit bigger.
The plan is to try to annex 1,600 acres around the Miami River and near the airport. Though that's not a huge amount of land, it could lead to a huge increase in tax revenues.
According to the Miami Herald, Miami has its eyes on the unincorporated areas of Melrose Park, Palmer Lake, Blue Lagoon West, Blue Lagoon, and Waterford. Those areas are home to several big-name corporations, most notably Burger King, and have a taxable base of $1.33 billion. Not exactly chump change.
Miami Mayor Tomás Regalado also tells the Herald that as the dredging of PortMiami continues to allow larger ships, the Miami River area will become increasingly important.
An analysis commissioned by the city says the expansion would add about 11,000 new residents. Expanding services to the area would cost about $7.5 million a year, but thanks to new property taxes, the city would make a net profit of about $18 million.
To complete the annexation, the Miami City Commission would need to pass a resolution, and then the county commission would need to agree.
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