Land Lease for Miami Beach Convention Center Fails to Pass

Florida voters supported the approval of a land lease needed for the planned Miami Beach Convention Center hotel, but not by a wide enough margin to get it to pass.

Approval of the land lease needed at least 60 percent support to pass. The measure received just under 54 percent approval at the polls Tuesday.

Miami Beach Mayor Philip Levine says he'll continue to work with colleagues in order to move the plans forward.

The convention center is currently undergoing a $600 million renovation and expansion.

The new convention center and adjacent hotel hopes to attract major events and conventions. The hotel is expected to pump $2.4 billion in lease and tax revenue to the City of Miami Beach.

Originally built in 1957, developers said it's time for a change at the convention center. Plans unveiled last fall for the expansion include rooftop parking, 12 acres of parks and a grand ballroom.

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