Go Back  Offshoreonly.com > General Discussion > General Boating Discussion
What's the latest on the Miami Marine Stadium? >

What's the latest on the Miami Marine Stadium?

Notices

What's the latest on the Miami Marine Stadium?

Old 08-11-2015, 01:01 AM
  #1  
Registered
Thread Starter
 
thisistank's Avatar
 
Join Date: Aug 2001
Location: Channel Islands, So. Cal.
Posts: 13,646
Received 2,830 Likes on 950 Posts
Default What's the latest on the Miami Marine Stadium?

Thing pops up from time to time with big plans on renovations. With the economy at least on the come back, seems like this is the time to make it happen. I'd like to go watch a race there in my life-time.
thisistank is offline  
Old 08-11-2015, 08:04 AM
  #2  
Registered
 
Join Date: Jun 2005
Posts: 11,650
Received 881 Likes on 478 Posts
Default

Originally Posted by thisistank
Thing pops up from time to time with big plans on renovations. With the economy at least on the come back, seems like this is the time to make it happen. I'd like to go watch a race there in my life-time.
http://www.miamiherald.com/news/loca...le4028640.html

A $121-million plan to rehabilitate the iconic Miami Marine Stadium and turn the surrounding area into a maritime complex, announced amidst much hoopla only last week, crumbled Thursday after Miami officials balked at a privately funded proposal and indicated they’d rather pursue their own plan — even if it means spending millions in public dollars.
Nov. 2014
Jupiter Sunsation is offline  
Old 08-11-2015, 09:40 AM
  #3  
Registered
 
Join Date: Aug 2004
Location: naples,florida
Posts: 4,096
Received 562 Likes on 231 Posts
Default

They could hold Paddle Board races there after the renovations.

OH AH the Excitement
tommymonza is offline  
Old 08-11-2015, 10:05 AM
  #4  
Registered
 
Join Date: Jan 2005
Location: Pasadena, MD
Posts: 3,570
Received 121 Likes on 39 Posts
Default

here is a time line up to late 2014. http://www.marinestadium.org/facts
I know a 120 mil sounds like a lot of money but for projects like this its nothing. They need to get Google or bookface to drop some money into it.
f_inscreenname is offline  
Old 08-11-2015, 11:00 AM
  #5  
Registered
 
Join Date: Jun 2005
Posts: 11,650
Received 881 Likes on 478 Posts
Default

Originally Posted by f_inscreenname
here is a time line up to late 2014. http://www.marinestadium.org/facts
I know a 120 mil sounds like a lot of money but for projects like this its nothing. They need to get Google or bookface to drop some money into it.
Miami has a lot of expenses trying to bankrupt it already. They have several bond issues to cover hundreds of millions in shortfalls, they have coastal flooding issues (high tide/full moon.....South Beach sewers outflow seawater into the streets causing flooding). Their pension plan is running about 25 million a year in the negative since 2009. They issue millions in future debt to cover current expenses.......that plan is like a ponzi scheme!

Spending 120 million on an old bayfront stadium isn't going to be a wise investment, especially if the costs overrun to 150-180mm by the time it is complete.

The other concern is future use. Nobody attends powerboat racing in big numbers and that would easily get derailed if a sea turtle or manatee was sighted anywhere near the stadium.
Jupiter Sunsation is offline  
Old 08-11-2015, 12:07 PM
  #6  
Registered
Thread Starter
 
thisistank's Avatar
 
Join Date: Aug 2001
Location: Channel Islands, So. Cal.
Posts: 13,646
Received 2,830 Likes on 950 Posts
Default

They don't want to release control if the property? I'd think they'd jump at private money to make it happen.
thisistank is offline  
Old 08-11-2015, 01:07 PM
  #7  
Registered
 
44MTI's Avatar
 
Join Date: May 2003
Location: E-Dock
Posts: 3,133
Received 1 Like on 1 Post
Default

How are they going to get all of us into and out of the show with those limited streets??
44MTI is offline  
Old 08-11-2015, 03:28 PM
  #8  
Mod Squad Enforcer
Charter Member
 
Cash Bar's Avatar
 
Join Date: Nov 2002
Location: On the way to a PR near you
Posts: 12,955
Received 790 Likes on 257 Posts
Default

Originally Posted by 44MTI
How are they going to get all of us into and out of the show with those limited streets??
I am on a video conference at 11am Thursday as the city and the NMMA release that plan. Don't think I won't call BS if I hear it.
__________________
Your OSO connection to great S. Florida Real Estate.
www.gregsellswaterfront.com
Cash Bar is offline  
Old 08-11-2015, 04:17 PM
  #9  
Registered
 
Join Date: Jul 2011
Location: Clearwater, FL
Posts: 5,132
Received 256 Likes on 148 Posts
Default

Originally Posted by 44MTI
How are they going to get all of us into and out of the show with those limited streets??
That was our question as well. We booked our room already for the 2016 show but getting there looks like a treat in itself.
Nate5.0 is offline  
Old 08-11-2015, 09:48 PM
  #10  
Registered
 
Join Date: Jan 2007
Location: Murrayville Georgia
Posts: 1,812
Likes: 0
Received 889 Likes on 318 Posts
Default

everyone talks restoration and that would be great but how many of you have actually been there? I climbed the fence and walked around in there about 12 years ago and back then there was little to save. the big concrete pillars that hold up the roof are cracked and split with rust streaming out of the cracks. that means that all the rebar inside them is now junk. unfortunately they let it deteriorate to the point that it would be cheaper, faster and safer to tear it down and build an exact copy of it. even then how are you going to pay for it? how many events can you hold there that will generate enough to cover the costs? even now they are fighting lawsuits from the island over traffic and noise, etc. the truth is that even the city probably doesnt want it rebuilt which is why they keep stonewalling every attempt. just my opinion but some times everything is a battle with nature and right now nature is winning the battle to reclaim the stadium.
compedgemarine is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.