$1 Billion Miami Beach Convention Center Expansion, Hotel and Development Project Canceled
January 15, 2014
The long-awaited plan to renovate and expand the Global Spectrum-managed Miami Beach Convention Center, as well as add a headquarter hotel and surrounding development project, was scrapped by a new mayor in the city and mostly new board of Miami Beach commissioners.
A previous board had embraced the project and hired developer South Beach ACE, led by Tishman Hotel and Realty and Miami Beach developer Robert Wennett.
The project was meant to include upgrades and expansion of the Miami Beach Convention Center, an 800-room anchor hotel and shops, restaurants and other new development on 52 acres.
The original RFQ asked for the improvements to “facilitate the ability of the MBCC to attract high impact conventions, meetings, and tradeshows in an increasingly competitive environment,” according to city officials.
According to local press reports, the plan would have required voter approval would be required for 60 percent of the leases, since the land was city-owned.
Under the new plan, instead of expanding the center and building the hotel at the same time, the project would be split apart and, without voter approval required, the center could be put on the fast track.
The Miami Beach CC currently has 502,000 square feet of exhibition space and 127,000 sq. ft. of meeting space.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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