Rendering of Flagstone Island Gardens project for Miami's Watson Island. Rendering of Flagstone Island Gardens project for Miami's Watson Island.

A yearslong deadlock between Miami and the developer of the city-owned Watson Island ended with an agreement to settle a lawsuit for $20 million.

The City Commission voted Thursday to settle Flagstone Island Gardens LLC's lawsuit, essentially restarting a redevelopment plan for the island along MacArthur Causeway that started 18 years ago.

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Lidia Dinkova

Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.