02/22/2012 10:51 am ET Updated Apr 23, 2012

The Real Problem With The City's Marine Stadium Deal

There are few cities in America who's record of managing their waterfront property has been as abysmal as Miami's.

Starting with Jungle Island - which today is about $11 million dollars in arrears on its taxes, and $15 million more in it's bond obligations, and continues to struggle to make quarterly rent payments - to the Children's Museum on Watson Island, that got the sweetheart deals of all sweetheart deals on it's lease from the City - $2 a year for 300 years - to build their museum right smack in the middle of the island, thereby making the overall property less valuable for development, and then, since opening, have blatantly operated an illegal Charter School in the museum.

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