Developer Jeff Berkowitz's plan to build an enormous observation tower in downtown Miami passed at the polls Tuesday, but its effect on downtown remains to be seen.
It's a go!
The few voters who showed up to cast ballots in the city yesterday approved the $400 million, 1,000-foot tower by a two-to-one margin. It will also likely include a Tower of Terror-like ride when finished around 2018. Berkowitz will now have to pay the city $1 million upfront. General Growth Properties, which owns Bayside Marketplace, must also invest $27 million in upgrades to the shopping center, and its lease will be extended.More »