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GlobeSt.com UPDATE: Metrorail-Venture Plan Up for Vote

MIAMI-The Miami-Dade County Commission is expected to approve a bid program today that could create multi-million dollars in joint-venture opportunities for real estate developers.

By David R. Corder | Updated on November 06, 2001

MIAMI-In a bid to maximize the use of surplus land, the Miami-Dade County Commission is expected today to approve a plan that would create multi-million dollars in commercial development opportunities around five passenger-boarding stations on the Metrorail light-rail transit system.

The commission asked county staff last month to put out bids for developing the county-owned land at the Culmer, Brownsville, Douglas Road, Northside and Okeechobee Metrorail stations. The county is trying use its surplus land for the highest and best use.

Since the first project approved in 1982, the county’s Metrorail joint-development program has encouraged a number of high-density projects. The first joint-development project resulted in the creation of the Datran Center, a mixed-use development at the Dadeland South station that now contains more than 550,000 of class A office buildings in three buildings, a 305-room Marriott Hotel and a shared-use parking garage containing more than 1,000 space for Metrorail passengers.

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