The two high-powered teams vying to redevelop the obsolete Miami Beach Convention Center will make final public presentations on their proposals Tuesday.
The presentations, which are expected to take all day, will outline in detail how the teams propose to renovate and expand the convention center, add an 800-room hotel, and redevelop its parking lots with a mix of green spaces and residential, cultural and retail buildings. Both teams have agreed to renovate the Jackie Gleason Theater.
The teams will also detail proposed financing schemes and budgets for the project. Both teams are proposing to roughly split the cost between public and private sources.
Each team will get four hours for its presentation.
The Portman-CMC team, led by Atlanta developer Portman Holdings, will go first, at 10:30 a.m. The team includes Danish architectural firm Bjarke Ingels Group. The Portman team has proposed a $1.15 billion budget.
The ACE South Beach team, led by Tishman Hotel & Realty of New York, will present at 2:30 p.m. The team includes Dutch architect Rem Koolhaas and his Office for Metropolitan Architecture. The ACE team has proposed a $1.2 billion budget.
Both presentations will take place at the convention centers Flamingo Ballroom in Hall C.
The Miami Beach City Commission is expected to select the winner in June.