Miami issues EOI for a courthouse P3
Miami-Dade county has launched a request for expression of interest (RFEOI) for the development of a civil courthouse, which will be delivered through P3 scheme or some kind of lease payment from the private party for the properties the county owns.
Miami is seeking developers, financiers, real estate investment companies, contractors and builders to design, build, finance, operate or maintain a new civil courthouse.The total value of the project is estimated at US$361 million.
The current aging civil courthouse at 73 W Flagler St.complies with the civil master plan. The county has identified real property that’s undeveloped but is just waiting to get a better evaluation with interested developers on land values.
According to sources Mayor Carlos Giménez said:
“We need to throw everything on the table and let the private sector come up with ideas of how we can make this happen. These are our needs; these are the properties we have – about 11. As for the old courthouse, he said it’s historically designated and an asset so it’s not going anywhere. The legislation is the only way the county can move forward. If [the resolution] doesn’t work, we’ll be back to look for other alternatives.”
The resolution has a timeline with requests to the private sector by the July 18 county commission meeting due back Sept. 1.
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