Developer Sues Over $88M Subsidy For Miami Worldcenter

By Alex Wolf (June 4, 2015, 7:22 PM EDT) -- A Florida real-estate developer hit the city of Miami and a city agency that oversees a blighted area of municipal property with a lawsuit Wednesday, accusing them of approving approximately $88 million in tax breaks to the developer of the $1.5 billion Miami Worldcenter project without sufficient public participation.

Developer Martin Margulies alleges in his suit that Miami and the Southeast Overtown/Park West Community Redevelopment Agency violated the Miami-Dade County Citizens' Bill of Rights when they noticed a significant public meeting on Christmas Eve and Christmas Day and failed to disclose the topics for discussion at the meeting which took place...

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