Miami-Dade committee advances David Martin’s takeover of Miami Seaquarium
A Miami-Dade County committee gave David Martin’s Terra the green light to take over the troubled Miami Seaquarium in Virginia Key. Now the Coconut Grove-based firm will seek approval from the full county commission next month. On Thursday, the Miami-Dade appropriations committee advanced Terra’s proposal to acquire Miami Seaquarium’s lease from the bankrupt company that owned the longtime attraction. A Terra affiliate is buying the lease and Miami Seaquarium for $22.5 million. A Delaware bankruptcy court approved the deal, but it needs the county’s approval because Miami-Dade owns the property at 4400 Rickenbacker Causeway. Martin aims to reimagine the aging […]This article originally appeared on The Real Deal. Click here to read the full story.
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