The Miami Herald reports the Miami Commission has authorized up to $16 million to upgrade the grounds near Miami Marine Stadium in order to host the Miami International Boat Show in 2016. The Commission also approved a licensing agreement with the owner of the boat show, NMMA, “which will pay the city $1.1 million per year in rent plus half of net concessions and parking sales from the five-day event.” The boat show’s manager, Cathy Rick-Joule stated the boat show “would prove special to the city,” as it is an “unparalleled event” that “draws 100,000 boating enthusiasts to the Miami area each year.”
Full story: http://nmma.org/news.aspx?id=19600
