Miami Referendum 3 — Proposed Lease and Redevelopment of existing Rickenbacker and Marine Stadium Marinas on Virginia Key (Miami-Dade County)
Ballot measure · November 3, 2026 · Voters in the city of Miami
- What it does
- Shall City lease approximately 27.62 acres on Virginia Key to Virginia Key, LLC for: • 45-year initial term with two 15-year renewals; • Minimum annual guaranteed rent to City of $2,200,000 (with escalations) totaling approximately $203,980,000 over the initial term plus 6% of gross revenues; • Approximately $80,000,000 privately funded investment to redevelop existing Rickenbacker and Marine Stadium marinas in an environmentally sensitive manner, including boat storage, restaurants, retail, and public parking?
- Needed to pass
- A simple majority
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