Miami-Dade Votes to Accelerate Nation's Largest Mall Proposal
On Tuesday, the Miami-Dade Board of County Commissioners voted nearly unanimously to speed up the process to finalize the deal to construct the 200-acre entertainment complex, American Dream Miami.
Triple Five, the developers behind Minnesota’s Mall of America are seeking to purchase a total of about 225 acres of vacant pastureland at the intersection of Florida’s Turnpike and Interstate 75 near Miami Lakes.
While Miami-Dade County has plans to purchase the vacant land from the state, the Miami-Dade County School Board currently has a leasehold interest on part of the property. Once purchased, Triple Five will buy the land from the county for about $12.3 million and then pay $7.25 million to the Miami-Dade County School Board.
Triple Five would also play another $5 million to the county if the project is unable to create 7,500 jobs within 15 years.
While speaking out in support of the project, Beacon Council President and CEO Larry Williams said that once opened, the new mall would create more than 20,000 direct and indirect jobs as well as generate 20,000 jobs during construction.
The project would also bring in more than $100 million in annual taxes for the county.
American Dream Miami would consist of extravagant features and come complete with submarines, a Legoland, sea lions, an artificial ski slope, a waterpark, indoor gardens and much more.