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MIAMI-DADE COUNTY · LOCALlocal legislation3-Day Rule
Local Impact

Approval of Douglas Road Metrorail Station Development Contract

Original title: RESOLUTION APPROVING AWARD OF CONTRACT NO. RFP-00133 TO ADLER 13TH FLOOR DOUGLAS STATION, LP WITH A POSITIVE FISCAL IMPACT TO THE COUNTY OF APPROXIMATELY $464,000,000 OVER THE INITIAL 30-YEAR TERM PLUS TWO, 30- YEAR OPTIONS TO RENEW FOR THE LEASE AND DEVELOPMENT OF THE DOUGLAS ROAD METRORAIL STATION SITE FOR THE DEPARTMENT OF TRANSPORTATION AND PUBLIC WORKS; APPROVING THE DEVELOPMENT AGREEMENT AND LEASE AGREEMENT; AND AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR’S DESIGNEE TO EXECUTE SAME AND EXERCISE ALL PROVISIONS CONTAINED THEREIN PURSUANT TO SECTION 2- 8.1 OF THE COUNTY CODE AND IMPLEMENTING ORDER 3-38; AND DIRECTING THE COUNTY MAYOR OR COUNTY MAYOR’S DESIGNEE TO PROVIDE AN EXECUTED COPY OF THE LEASE AGREEMENT TO THE PROPERTY APPRAISER’S OFFICE WITHIN 30 DAYS OF THE EXECUTION OF THE AGREEMENT (Internal Services)

May 8, 2018

public_transportationreal_estate_developmentcounty_budgetinfrastructure

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The Frame

What this does

The county is entering a long-term development agreement for a major transit hub that will generate $464 million in revenue over 30 years and potentially extend for up to 90 years total.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Adler 13th Floor Douglas Station, LP

They are the designated developer for the Douglas Road Metrorail Station site under the approved contract.

Department of Transportation and Public Works

The department is responsible for the site and the implementation of the development agreement.

What changed

Last recorded activity May 8, 2018.

What's next

Next step not available in the current record.

Summary

This resolution approves a contract with Adler 13th Floor Douglas Station, LP to develop the Douglas Road Metrorail Station site. The agreement is expected to generate approximately $464 million in revenue for the county over an initial 30-year term, with options for two additional 30-year renewals.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

How long is the development contract for?
The initial term is 30 years, with two additional 30-year options to renew.
What is the financial impact of this deal?
The county expects a positive fiscal impact of approximately $464 million over the initial 30-year term.

Why It Matters

The county is entering a long-term development agreement for a major transit hub that will generate $464 million in revenue over 30 years and potentially extend for up to 90 years total.

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

financial connection100% confidence

Long-term Revenue Stream

The contract structure includes a 30-year initial term with two 30-year renewal options, creating a potential 90-year financial commitment.

Adler 13th Floor Douglas Station, LP

Connected Entities

organizationProperty Appraiser’s OfficeMap →
organizationBoard of County CommissionersMap →
organizationAdler 13th Floor Douglas Station, LPMap →
organizationDepartment of Transportation and Public WorksMap →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100
  • Significance85
    How much this matters to a regular citizen
  • Controversy20
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz30
    Current news / social attention level

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