I had always thought that the major silent force behind the building of the PortMiami Tunnel were Park West investors. The tunnel removed the long caravan of large trucks on their route to I-95.
The $35 million yearly income that the port generated in the year before the tunnel construction and port dredging commenced barely covered the interest payments of the outstanding bonds owed at that time.
Outstanding county bonds were $29 billion, $14 billion of which was interest. I hesitate to ask what it is today.
The largely undeveloped land available at the port should be generating an income that will help us pay our debt and we should have the right to easily remove and replace the tenant, if necessary.
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