Magic City Innovation District – Little Haiti Presents Local Miami Leaders with $3 Million Check for Little Haiti Revitalization Trust

(Miami, Florida) — On Monday morning, Magic City Innovation District – Little Haiti partners (“MCID”) held a press conference with local Miami elected leaders to announce the first major payment of $3 million that will establish the Little Haiti Revitalization Trust, in which monies will go towards affordable housing in Little Haiti, workforce training and other programs for local residents. The payment is the first of several, amounting to $31 million in total, which will be distributed from the Trust. In addition, $9 million of future impact fees paid by MCID will also be allocated to the Trust, making this a historic $40 million donation to the community.

At the press conference, Neil Fairman, Chairman of Plaza Equity Partners and the Managing Partner of Magic City Innovation District – Little Haiti, presented the $3 million check to city leaders, including Miami Mayor Francis Suarez; Keon Hardemon, Miami-Dade County Commissioner for District 3 and former commissioner for Miami’s District 5; and Manolo Reyes, Miami’s District 4 Commissioner.

“We are extremely thrilled to provide this $3 million check to the Little Haiti Revitalization Trust, which is the first of many,” said Neil Fairman, Chairman of Plaza Equity Partners and Managing Partner of Magic City Innovation District – Little Haiti. “The payment to the Trust is part of our promise to empower this vibrant community––to give back and ensure local residents are provided business opportunities, to create meaningful jobs, to build economic prosperity for all, and to preserve the thriving culture of Little Haiti.”

“On behalf of the City of Miami, we are very grateful for MCID’s contribution to the Little Haiti Revitalization Trust, and for their commitment to social justice and creating equity for the community here in Little Haiti,” shared Miami Mayor Francis Suarez. “This Trust will be a huge boon for local residents, helping to enhance the quality of life in the neighborhood– the creation of an innovation district will generate desirable jobs and provide much needed, new opportunities for those in need.”

“This Trust, and the funds that will flow through it to Little Haiti’s residents and community, are part of the vision that we had agreed upon with MCID, and I am happy to see those seeds come to fruition,” said Keon Hardemon, Miami-Dade County Commissioner for District 3 and former commissioner for Miami’s District 5. “It is wonderful to see MCID following through on their promise to be an equal partner with our community. I believe this Trust will help make sure that this project brings economic benefit that reaches everyone in this neighborhood.”

“The Haitian diaspora has achieved success absolutely everywhere they have gone and that holds very true right here in Miami,” shared Manolo Reyes, Commissioner for Miami’s District 4. “My hope and expectation is that the contributions made by Magic City Innovation District – Little Haiti will deliver real affordable housing to the Little Haiti community.”

Magic City Innovation District ® – Little Haiti (“MCID”) is an innovation district focused on technology, sustainability, health and wellness and art and culture. MCID is revitalizing the Little Haiti and Little River neighborhoods to create a world-class destination. It will provide Miami a walkable, campus-like neighborhood where individuals from all demographic backgrounds can enjoy a quality life and re-write history on how communities live, work, play, and learn together. MCID will serve as a new model for future innovation districts and real estate development worldwide.

As part of the development agreement for the project, Magic City Innovation District – Little Haiti worked with city officials, local leaders and organizations to develop the Little Haiti Revitalization Trust ––a fund for affordable housing and other needed physical, social and economic improvements which would be overseen and administered by and for the community.

MAGIC CITY INNOVATION DISTRICT – LITTLE HAITI ®

PRIVACY

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THIRD-PARTY LINKS

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Google
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California Online Privacy Protection Act
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COPPA (Children Online Privacy Protection Act)
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We do not specifically market to children under the age of 13 years old.

Fair Information Practices
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We will notify you via email within 7 business days
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CONTACTING US

If there are any questions regarding this privacy policy,
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magiccitydistrict.com
6161 NE 3rd Avenue Suite 3
Miami, Florida 33137

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We are pledged to the letter and spirit of the U.S. Policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising, marketing and sales program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin.

All plans, sketches, renderings, pictures, illustrations, images, designs, finishes, amenities, sizes and dimensions, facilities, services, and other features and matters depicted or described herein, are conceptual in nature and are based upon preliminary development plans, which are subject to change, and may not be representative of the amenities, services, facilities, or other improvements ultimately included within, or made available to, the project. The development of this project is expected to take many years and development and other plans will likely be modified from time to time in response to market conditions and other factors. All improvements, programs, designs and construction are subject to first obtaining the appropriate federal, state and local permits and approvals for same. No representations or other assurances upon which a buyer, lessee, or any other party may rely are made that any improvements or other matters depicted or described herein will be provided or, if provided, that they will be of the same type, size, location or nature as depicted or described herein.

Depictions of surrounding areas are for conceptual purposes only, which are not entirely accurate, may change from time to time, and which may be may be substantially altered or eliminated by future development, forces of nature, or otherwise. The developer makes no representations as to the present or future accuracy of, nor shall buyers rely upon, any such renderings or other materials.

Any and all references to and/or renderings of proposed projects, services, or nearby facilities are proposed only, may not be constructed or made available, and are not being developed by the developer. The developer has no control over those projects, services, or facilities, and there is no guarantee that they will be developed or made available, or if so, when and what they will consist of. Restaurants, business, and/or other establishments are anticipated to be operated from portions of the project, or adjacent projects, which are not owned by the developer and/or may be offered for sale or lease to third parties. Any restaurants, business, and other establishments and/or any operators of same referenced herein are subject to change at any time, and no representations regarding restaurants, businesses and/or operators within the project may be relied upon. The use of the commercial and other spaces will be in discretion of the purchasers or lessees of those spaces and there is no assurance that they will be used for the purposes, and/or with the operators, named herein.

All square footages and dimensions are estimates based on preliminary plans and will vary with actual construction. All plans, specifications and other development plans are proposed and conceptual only, and are subject to change and will not necessarily accurately reflect the final plans and specifications.

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