SkyRise Miami is happening, and its developer isn't shy about it.
The 1,000-foot entertainment tower on Biscayne Bay has been billed as the "Eiffel Tower of Miami." After county commissioners approved the project yesterday, however, developer Jeff Berkowitz said SkyRise will surpass its Parisian competitor.
"I think it's better looking than the Eiffel Tower," he told reporters.
A month ago, commissioners deadlocked on the idea of giving SkyRise $9 million in public funds. But yesterday, the idea easily passed 7-3. The county will eventually be paid for by raising property taxes.
Berkowitz said the vote "sends the message to China ... and all over the world that Dade County supports SkyRise Miami," according to the Herald.
"Yesterday the Miami-Dade County Commission voted 7-3, allowing SkyRise to move forward as a game-changing world-class attraction for the city and the county. The commission's vote of confidence is an important signal to our investors as we focus on moving forward with our financing and development phase. While the funds for public roadway and infrastructure improvements won't be reimbursed until after the project is built, we are appreciative of the Mayor and Commission for supporting the public infrastructure needs of SkyRise," Berkowitz added in a written statement.
The developer is now trying to raise funds for the $430 million project.
Commissioners also approved a long-term plan to use $570 million in property taxes to renovate the Miami Beach convention center.
Keep Miami New Times Free... Since we started Miami New Times, it has been defined as the free, independent voice of Miami, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Miami with no paywalls.