Why people are voting "no" for Grove Bay
Very interesting. Why the submerged lands? Are they next going to put a marina in?
This whole vote is very sketchy, again, here is the whole issue on the ballot, it really does not say anything and sort of gives everything to the developers to do with what they wish:
Shall the City be authorized to lease approximately 7 acres of waterfront and submerged lands in Coconut Grove to Grove Bay Investment Group, LLC, providing for 1) a minimum of $1.4 million in guaranteed annual rent and 2) approximately $17.9 million of privately funded improvements to redevelop an existing marina and public baywalk, construct restaurants and, partially fund a public parking garage for a 50 year term with two 15 year renewal options?
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