The dirt isn't going to come cheaply. Average asking prices are $57 per sf or about $2.5 million per acre.
Last week, the Miami-Dade County Commission ratified a joint-participation agreement with the Florida Department of Transportation to accept $6 million in 50% matching tax dollars to help pay for airport land acquisition costs.
Besides ratifying that agreement, the county also approved a second agreement for $3 million in 50% matching tax dollars to help pay for planning, development and construction of a new Concourse J at the airport.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
