A planned 800-room hotel adjacent to the Miami Beach Convention Center has been axed. Voters backed the proposal for the construction of the hotel, but failed to reach the required margin for the city to go ahead with the development.
The hotel failed to garner the 60-percent support needed to facilitate the development, securing only 54 percent. Portman Holdings of Atlanta originally proposed the $405-million, 800-room hotel in May, and was supported by the Greater Miami Convention and Visitors Bureau and Collins Park Neighborhood Association, among others.
However, opposition to the project mounted, claiming the space set aside for the hotel was too small and would attract too much traffic to the area.
Today, a solid majority of Miami Beach residents cast their votes in favor of the Miami Beach Convention Center Hotel, but we unfortunately came up short of the very high 60 percent threshold required for the project to move forward," said Portman Holdings vice chairman Jack Portman in a statement.
"From the outset Portman crafted a proposal designed to benefit the people who live here, in addition to those who visit," he continued. "Our proposal would have been 100 percent privately funded and provided for specific public benefits. While we are disappointed in this outcome, we wish the city and its residents only the best going forward, and we thank them for their consideration."