The City of Miami has decided to abandon plans to use eminent domain to acquire a riverside property for a public park honoring Simon Bolivar. Instead, the city has reached an agreement to purchase five parcels in Little Havana for affordable housing, owned by the same LLC. The city will spend nearly $10.9 million, which includes covering legal fees from previous negotiations. The decision reflects a shift in focus towards addressing housing needs rather than creating green space, although the Miami River property may still be an option in the future if the Little Havana deal fails.
The City of Miami has abandoned its plan to seize a property for a public park after reaching a new agreement to buy land for affordable housing.
City Commissioner Joe Carollo advocated for a riverside park but shifted focus towards purchasing land in Little Havana for affordable housing.
Under the new agreement, the city will pay $10.9 million to acquire five parcels in Little Havana, helping address housing shortages.
The arrangement allows the city to possibly revisit the Miami River property if the new housing deal does not materialize.
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