Miami Beach may spend $26 million on land for transit hub - Miami Beach - MiamiHerald.com: "The city of Miami Beach may spend $26 million on property in South Beach that could eventually become a transit hub. City Manager Jimmy Morales on Thursday signed a letter of intent to buy about three-quarters of an acre at 1100 Fifth St. The land, where the MacArthur Causeway dumps thousands of vehicles onto Fifth Street, is now leased by a Burger King and Pier 1 Imports. Final purchase is conditioned on an appraisal, which hasn’t been done yet. The City Commission would also have to approve the deal, according to the letter of intent. Mayor Philip Levine said the money would come from the city’s redevelopment district, which, Levine said, limits some spending to south of Sixth Street...."
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