Miami real estate broker Michael Fay has confirmed that a final decision on the purchase could be made within weeks. Record-breaking Bid Could be Approved “Within Weeks” Now, just four months after letting the commercial world know of its plans to offload the roughly 15-acre parcel that was once the home of the Miami Herald, it is being reported that at least five bidders are vying for the land with bids over $1 billion and one clocking in closer to a billion and a half dollars, according to Bloomberg News. The site is situated on the waterfront at Biscayne Bay in the arts and entertainment district across from Miami Beach.
While the firm was occasionally able to get the preliminary go-ahead on various infrastructure and auxiliary support elements for the project ranging from a marina to a rail system, it never really came close to getting its foot in the door to build the magnificent waterfront casino of its dreams there ( image). Malaysian gaming group owner Genting Berhad, the parent company of globally placed Resorts World casinos, had been trying to build a casino in Miami for about a decade.
