Fate of City National Bank project uncertain

Commissioner Mark Samuelian said, after reading the Staff memo, “In my 8 months here, this is one of the strongest recommendations I’ve seen in terms of not to proceed” and he asked City Manager Jimmy Morales why.

Samuelian said, “I’m concerned about the terms changing… I strongly support the goal of revitalizing Town Center. I’d like to get the stimulus that I want but I don’t think we’re there and I’m of the mind now to think about if we’re going to plow millions of dollars in, how might we do it in a better way? Are there options at this point? We spent a year and a half … are there options or other things we could do is the question on my mind at this point.”

Samuelian said, “Candidly, I would be of the mind today to be entertaining options. I honestly would.”

He elaborated. “Maybe we should just think about selling the lots. Have we done the due diligence of other things to do because I’m sensitive to the time and given my colleagues comments about how far apart we are, I’m just wondering about that.”

August 4, 2018 | RE: Miami Beach | Fate of City National Bank project uncertain