Major casino operator Genting has gained unanimous approval of the Dade County Transportation Committee in its effort to build a 300-room hotel on the site of Miami-Dade’s Omni bus terminal.
The approval could pave the way for a 90-year-lease of the public property.
Genting’s Resorts World Miami, whose efforts to build a massive casino resort in the Omni district have remained in limbo for years, was the sole bidder on a county request for proposals to redevelop the open-air bus terminal and refurbish the adjacent Metromover station.
Miami-Dade Mayor Carlos Gimenez said in a memo that the deal with Genting would generate nearly $55 million in rent and revenue sharing for the county over the life of the lease. The proposed Genting tower would rise over a rebuilt and expanded ground-level bus station with air-conditioned passenger waiting rooms. The tower would include retail shops on the ground floor.
Malaysian-based Genting is a major player in gambling and hospitality in the U.S. and abroad. Resorts World Miami is the name of its 13.9-acre development proposal for the Omni District of Greater Downtown Miami.