Genting Group downsizes plans for Miami resort site
With gambling approval denied in Tallahassee, Genting Group scales back its design to initially use just a fraction of the bayside resort site.
3/20/12
By ELAINE WALKER
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This time around Genting seems to be taking a go-slow approach. The company has been quietly discussing its new plans with select city leaders and distributing only a three-paragraph press release with limited specifics.
The new proposal would take up only a fraction of Genting’s 30 acres in the Omni neighborhood.
Genting’s development plans, as they exist now, call for demolishing the Herald building and removing what has for decades been a barrier to public access of the waterfront. The idea is to create a gathering place where people can stroll or dine overlooking Biscayne Bay. Plans call for a waterfront promenade 50 feet wide that spans 800 feet. The design will also maintain 100-foot corridors on either side of the development with landscaped green space to allow a view of Biscayne Bay.
Was looking forward to it, but we'll see what the new plan looks like.
__________________ NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
I am not opposed to the project at all, I fully support it, but I don't think anywhere should become the next Vegas, let's just let Vegas be the only one.
They want to be demolished the old Miami Herald and they will plans moves to Doral in West Miami-Dade County. Because the entire building is just only 50-years old. This will plans to built a new resorts included casinos.
They want to be demolished the old Miami Herald and they will plans moves to Doral in West Miami-Dade County. Because the entire building is just only 50-years old. This will plans to built a new resorts included casinos.
With two months until the Florida Legislature convenes for its 2014 session, Genting Resorts World has dramatically scaled back the gambling component of its resort development planned for the former Miami Herald headquarters in downtown Miami.
Genting announced a new partnership that would allow the Malaysian company to use a permit owned by the Gulfstream racetrack in Hallandale Beach to open a slots-only casino at the waterfront property, the Miami Herald reported. If state lawmakers and gambling regulators approve the proposal, Genting’s Resorts World Miami could open 2,000 slot machines and simulcast betting on horse races as part of the larger development. Genting and Gulfstream would keep a portion of the revenue, with the rest allocated for thoroughbred purses at Gulfstream’s racetrack and a nonprofit company formed by other partners in the venture, which includes horse breeders, owners and trainers in the state.
To date, state regulators have refused to accept Gulfstream’s contention that its permit for the nonprofit subsidiary allows it to operate gaming facilities in both Miami-Dade and Broward counties. Genting could ask the legislature to clarify the law, push gambling regulators to change it or take legal action to try and secure the permit.
This project is back. Hopefully they can secure the permit. This is also the same developer that is building that massive resort in Las Vegas. This was also one of the eight projects that received FAA approval for the height.
Very long article, but it discusses the issues and prospects for this project. For sake of neatness, I will post the link as there is too much information, but it also relates to other projects such as in Vegas and New York State when it comes to the casino industry and the developer Genting, which is creating this project:
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Probably one of the most radical looking projects next to Skyrise. Resorts World looks like a Dubai project in the U.S.. Looking at a lot of the architecture, Miami is becoming a city with different styles that are present in the 21st century.
Genting started work on Resort World Korea. Vegas one should start up this spring, hopefully they can start this one just as soon. The success of Genting is crucial for this project to become a reality even if it was downscaled in early 2014.
Thats three major casino projects/resorts that they are working on. Two are good to go and will happen, now we just need Miami to get its own.
I think this will start up once the Vegas one does. With Vegas, there are trucks on the site every once in a while. Expect work as they said by late spring. What will help this project are others such as ABF station, World Center, and so on. With all of the extra capital pouring into the region, a growing economy, wealth influx, it sets good conditions for this project. Plus, growing tourism numbers.
Politicians Are Negotiating Again On Revising Gaming Laws, Including Possibility Of Destination Resorts
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Could 2015 be the year that Florida legalizes destination casino resorts?
In an interview with the News Service of Florida, incoming House Speaker Steve Crisafulli signaled that he is open to the idea of destination resorts. In previous years, conservatives in the House have stymied gambling legislation, while the more moderate Senate has been more open to the idea.
A 2010 compact signed with the Seminole Tribe that allows table games expires later this year and is up for renegotiation. Last month, Governor Rick Scott held a secret meeting with executives from Miami-area casinos to discuss the pending negotiations with the Tribe.
Resorts World Miami owner Genting and Sheldon Adelson have spent significant sums on lobbyists and campaign contributions in recent years in an effort to legalize destination resorts.
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