Miami voters can choose whether to allow the city to enter into an agreement with a private company on Tuesday, all to restore the Miami Marine Stadium. Now defunct, the venue previously played host to powerboat races and concerts by Queen and Jimmy Buffet, among others.
According to the Greater Miami Convention & Visitors Bureau's website
, the "6,566-seat stadium" in Virginia Key was designed by architect Hilario Candela."During its heyday, powerboat races and concerts under the stars drew thousands to the stadium," reads the website. "Memorable historic performances on its floating stage include Queen, The Beach Boys, Steppenwolf, Dave Brubeck, Ray Charles and many more."
What voters will decide for Miami Marine Stadium
On Tuesday, Miami voters casting their ballots in the Tuesday election
will be able to choose whether to allow the city to "enter into a management agreement" with a private company, Global Spectrum L.P. The city will receive "93% of gross sales of all events after deducting a $33,333 monthly management fee," along with "85% of sponsorship revenues."
The company would pay the city "up to" $10 million for the "restoration" of the stadium.
The question on the ballot reads:
"Shall the City enter into a management agreement with Global Spectrum L.P. to activate and manage events at the Historic Miami Marine Stadium and Flex Park, 3501 Rickenbacker Causeway, Miami, FL, as follows:
- City receives 93% of gross sales of all events after deducting a $33,333 monthly management fee
- City receives 85% of sponsorship revenues
- 40 year term
- Global Spectrum to pay the City up to $10,000,000 towards the restoration of Historic Marine Stadium?"
Sarah Perkel is a South Florida Connect Reporter for the USA TODAY Network's Florida Connect team. You can get all of Florida’s best content directly in your inbox each weekday day by signing up for the free newsletter, Florida TODAY.
This article originally appeared on USA TODAY: Miami voters to decide if company can restore 'historic' concert venue
