Miami Condo Market and Lifestyle Updates
Miami Worldcenter May Be Offering Fewer Jobs to Locals

Miami Worldcenter May Be Offering Fewer Jobs to Locals

by Sep Niakan | January 29, 2015

City Commissioners have voted to change an agreement for the $1 billion Miami Worldcenter project that that sets lower local hiring goals.

The new agreement was to get two $1 million grants to restaurant owners in Overtown, give a raise to the agency head, and hundreds of thousands of dollars to nonprofits. A tax rebate deal with Swire Properties, the developers of Miami Worldcenter, is to reduce benefits for city residents, giving them less than expected.

The Worldcenter itself has a 765,000 square-foot shopping center, residential buildings, and hotel rooms that will be on a 27-acre plot in downtown Miami.

Exposition space and hotel rooms are in progress by another developer on the former site of the Miami Arena. This developer will fill about 30% of unskilled construction jobs with the local population, notably giving more opportunities to Overtown and other low-end ZIP codes. 10% of skilled jobs will be filled by locals as well.

The way this deal is structured, it will give fewer jobs than the goals set in the agreement in September.



Photo credit: Miami Worldcenter

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