arts
$80 million revamp for Virginia Key marinas on tap
By Genevieve Bowen at Miami Today
· June 10, 2026
· 4 min read
Miami voters could get the final say this fall on an $80 million plan to revamp two aging Virginia Key marinas under a 45-year lease that would reshape the city’s waterfront after years of litigation over the future of the public site. On June 11, the Miami City Commission is to consider placing a r
Key takeaway On June 11, the Miami City Commission is to consider placing a referendum on the Nov.
Why this matters in The Miami
The proposed revamp of Virginia Key marinas has significant implications for Miami's waterfront and economy. If approved, the $80 million redevelopment would not only modernize the Rickenbacker and Marine Stadium marinas but also generate substantial revenue for the city. The guaranteed annual rent of at least $2.2 million would provide a steady stream of income, totaling over $200 million over the initial lease term. This investment would also enhance the city's appeal to tourists and locals alike, with planned amenities like restaurants, retail space, and public parking. As a major hub for Latin American and Caribbean communities, Miami's waterfront plays a crucial role in the city's cultural and economic identity. The redevelopment of Virginia Key marinas would be a significant step towards revitalizing this area, and voters will soon have the opportunity to weigh in on the proposal.
About this story
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Category: arts ·
Published: June 10, 2026 ·
Source: Miami Today ·
Reading time: 4 min
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Frequently asked about this story
What is this story about? Miami voters could get the final say this fall on an $80 million plan to revamp two aging Virginia Key marinas under a 45-year lease that would reshape the city’s waterfront after years of litigation over the future of the public site. On June 11, the Miami City Commission is to consider placing a r
When was this published? This article was first published on June 10, 2026 by Miami Today and curated for The Miami readers.
Who reported this story? This story was reported by Genevieve Bowen at Miami Today. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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