City Meets to Discuss Proposal for Streetscape Improvement Project
The Coral Gables City Commission met this week to discuss a proposal for a adding a special assessment tax that will assist in paying for a hoped-for streetscape project on Coral Gable’s Miracle Mile and Giralda Avenue.
City leaders have been wanting to beautify Miracle Mile, making it a more pedestrian-friendly main street through Coral Gables. They have been wanting to follow the same concept as Mary Brickell Village or Lincoln Road in South Beach by resurfacing streets, adding new landscape, displaying public art pieces, and new lighting.
In February, a proposal on how to finance this project was heard, and it was estimated to cost about $19 million. The proposal called for the city to pay half and property owners in the BID would fund the other half through a special tax assessment. The property owners of the BID would split their half between properties directly on the Mile and Giralda, 35%, and the other 15% by adjacent properties.
Design would likely take six months and construction would last around 12 – 18 months.
We are very excited to see where this will all turn out and can’t wait for further improvement of the city of Coral Gables.