The long-running attempt by Genting Group to bring a giant casino to downtown Miami is back in the news after the Malaysian firm reportedly asked the Federal Aviation Administration to re-approve its plan to construct the Florida development’s trio of 642-foot towers.
According to a report from the Miami Herald, Genting Group has been trying to obtain permission to build its Resorts World Miami scheme on the 5.65-acre site of the newspaper’s former headquarters overlooking Biscayne Bay since 2013 but its attempts have been continuously hindered by local opposition, planning regulations and an inability to secure the appropriate casino license.
If built, the $3.1 billion Resorts World Miami would sit only about six miles from the end of runways at Miami International Airport and Genting Group, which is behind the huge Resorts World Genting development in its home nation along with Singapore’s Resorts World Sentosa, was first granted Federal Aviation Administration approval almost four years ago although this previous consent expired on January 10.
The Miami Herald reported that Genting Group is refusing to sell the land, which it purchased for $236 million in 2011 before knocking down the former Miami Herald headquarters four years later, although its efforts to bring Resorts World Miami to reality were helped last month after a member of the Florida State Senate proposed new legislation that would license a pair of slots-only casinos for Miami-Dade County and Broward County while permitting existing gambling facilities in the two districts to offer up to 25 blackjack tables.
However, even if it does again receive Federal Aviation Administration approval, Genting Group is not likely to start construction anytime soon with the newspaper reporting that the annual Art Miami temporary art exhibition recently inked a deal to set up its giant tent on the site for the next several years.