In the Headlines
September 19, 2019
MSC Cruises Gets Green Light for $300M Terminal Project at PortMiami
The Real Deal
A $300 million terminal development deal was approved by the Miami-Dade County Commission, making it the biggest deal in port history.
"I think this is the largest [lease] deal the port has ever done. PortMiami has approved shorter lease deals for preferential berthing agreements in the neighborhood of 30-year terms," said Attorney William Bloom. "The company would pay rent totaling $2 billion over the 62-year term of the operating lease," added Mr. Bloom, who is representing MSC Cruises.
READ: MSC Cruises Gets Green Light for $300M Terminal Project at PortMiami