The city of Miami is proposing to transfer ownership of the historic 1920s Olympia Theater to a public charter school named SLAM for the nominal price of $10. City officials believe this deal will enable the theater's restoration and enhance cultural programming. However, there is significant community skepticism regarding the motivation behind the proposal, especially concerning its rapid advancement and the involvement of a national for-profit charter school network. Opponents argue that Miami should not relinquish its historic assets so readily.
"You will be inspired when you walk through these doors. You'll realize Miami can never let go of this asset, never give it away or sell it," former city commissioner and current mayoral candidate Ken Russell said during a rally outside the theater last week.
Miami officials state that gifting the historic Olympia Theater to the charter school SLAM presents a unique opportunity to restore the deteriorating property to its former glory.
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