MIAMI | Development Thread

[dave8721]

Genting is in no hurry to demolish the building and its going to sit there slowly decaying for a while:

http://www.miamiherald.com/2014/01/1...nder-fire.html

When lawmakers balked at changing state gambling laws to allow the project and a similar Miami casino sought by Las Vegas Sands, Genting began pursuing other options. Last spring, Genting said it would move forward with a large hotel and condo towers on the 14-acre Herald site. Demolition of the newspaper’s former building was slated for the end of 2013.

On Friday, Genting said the new schedule doesn’t anticipate demolition until the fall. The company said it faced more environmental issues than it anticipated on the Herald site, which the media company occupied until its May 2013 move to Doral. Genting has not submitted the zoning proposals required to start development, or released the renderings and floor plans needed to launch condo sales. “We are still refining the design and expect to submit our plans later this year,” Genting said.

With the resort plans stalled, Genting this week revealed an effort to bring 2,000 slot machines to the waterfront. The company announced a partnership with the Gulfstream racetrack in Hallandale Beach to use one of its two permits to authorize slots and off-track-betting at Genting’s property 17 miles away.

Read more here: http://www.miamiherald.com/2014/01/1...#storylink=cpy