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Miami looks to creating trust to help fund The Underline

Nov 16, 2017

In the City of Miami, developers can earn additional floor space and height and other advantages by committing to spend money on public benefits, like constructing a new section of the baywalk or improving a nearby park. In some cases the developer can pay cash into a public benefits fund in lieu of making the improvements. The city employs the process to raise money for needed capital projects, from street improvements to affordable housing.

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