According to local media, gambling powerhouse Genting has been in negotiations recently with the Miami City commissioners about constructing a baywalk underneath the I-395 highway as part of its $600 million improvement project in Florida. The public baywalk will be built on the waterfront downtown and beyond.
Last month, the commissioners announced their plans to provide a baywalk underneath I-395, calling on the Florida Department of Transportation. The baywalk will connect the Museum Park and the former Herald site and provide better connectivity to Biscayne Bay. Both residents and tourists would benefit from it. Furthermore, the resolution reads that the baywalk will provide better usage of the waterfront and public areas within Miami’s downtown.
The local district secretary for the transportation department, Gus Pego, told the commissioners that Genting agreed to build the baywalk but, it would require an extension eastwards. Pego added that the casino giant would lease property under the highway to extend it.
The Malaysian based Genting bought the 14-acre newspaper site for $236 million in 2011. It also bought the surrounding properties and announced its plans to build a $3 million luxury casino Resorts World Miami. As part of the preparations to build the massive I-395 highway the developer has a series of property exchanges with the state.
Earlier Genting announced that the Resorts World Miami would provide connectivity between the Museum Park, Adrienne Arsht Center and Margaret Pace Parka and with it, the waterfront will be open to the public.