Board Report
July 28th, 2011
Miami Entertainment Complex
Miami Entertainment
Complex-MEC
History/Introduction
Miami Entertainment Complex
Property Acquisition
• Purchased property from MD-School Board
for $3,100,101 ($25/SF)
• Closed on February 15th, 2011
Credit for Sale of Southern Parcel
• Sold southern parcel to FDOT for $1,087,268
($26/SF)
• CRA leases southern parcel from FDOT for
$1.00/year
Property Location
• Located within designated Media and
Entertainment District, 2 blocks west of the
PAC on NW 14 Street
Omni CRA
Miami Entertainment Complex Location
State Incentives
Miami Entertainment Complex
Florida Incentives
• $242 Million in incentives for movie industry
• $3 Million matching job creation – matches CRA film and
entertainment job creation program
Florida Film Incentives Attracts Film Shooting in Miami
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Burn Notice
Charlie’s Angels
Rock of Ages
Step Up 4
The Magic City
The Glades
Omni CRA
Vision
Miami Entertainment Complex
CRA Created Skills Media Arts Komplex (SMAK)
Panel
•Mr. Graham Winick, Miami Beach Film Events Production
Mgr.
•Mr. Jeff Peel, Director, Miami Dade County Film Office
•Rob Feldmon: Director, City of Miami, Film & Cultural
Affairs Office
•CAMACOL, Ms. Patty Arias, Managing Director
•Mr. Eugene Rodriguez, Big Time Productions Events/Stakeholder
•M.E.D.A. : Michael Slyder, President
•Mr. A. Terry Darling, Fl. Carpenters Regional Council
•Ted Lucas: Slip N Slide Records
•Gustavo “Tito” Godoy: G Force ( Glen Rice Promoter )
Events Promoters
•Greg Hauptner: Founder, President & CEO – G-Star Studios
•Mr. Ken Harris, COO – A. Arsht Ctr.
•Mr. James Stamatis, VP Ops., Telemundo Studios
•Mr. Luis Choter, MPA – Asst. On Street Director
•Mr. Patrick de Bokay, Principal of M.W.C.C.
•Mr. William Plasencia, District 2 / Commissioner’s Staff
Omni CRA
Miami Entertainment Complex - Today
Miami Entertainment Complex
SMAK Panel Recommendations
SMAK Committee Development Recommendations
•Raise the entire buildings present roof to a height of 50 feet.
•Provide for “FLEX” office space in the N. E. quadrant of approx. 12,000 sq. ft. / 2
floors or optional a 24,000 sq. ft. / 4 floors space.
•Build two fully operational Film Sound Stages of approx. 10,000 -12,000 sq. ft.
•Avatar
•Jurassic Park III
•Ironman
•Many other blockbusters
•Provide “Motion Capture Stage” - Special Visual Effects Green Screen Stage
•The facility will require basic new Electrical Grids, Plumbing, Lighting, Cat Walk Grid,
•Soundproofing, Communication / Connectivity, and Air Conditioning.
•Outsource Professional Management to operate & maintain the facilities for Film,
Media & Special Events calendars and bookings.
•Partnership with Higher Education
Omni CRA
Past Studies
Miami Entertainment Complex
Miami-Dade County Commissioned Study by KPMG in 1994
Suggestions/Recommendations/Conclusions
•Build 4-8 Sound Stages
•Provide office space within film complex
•Provide capacity for post-production, film labs, dubbing facilities and
special affects facilities
•Miami was an ideal place for the industry due to its weather and South
Beach allure with available year-round infrastructure support
•The Studio development would provide positive local economic impact
•Based on the findings, KPPMG recommended that Dade County
proceed with planning for studio complex
Omni CRA
MEC Business Plan
Miami Entertainment Complex
CRA Mission
Job Creation
• 100 jobs per film
• 2 Studios = potential for 200
• Average salary in the film industry is
$75,000 + benefits = $85,500
• Multiplier estimates close to $17 million
spent directly into the local economy
• List of jobs affected or created can be
found in Exhibit A of the Business Plan
Eliminate Slum and Blight
CRA Commitment to the area
1. NE/NW 14 Street Streetscape Project
2. Firehouse Redevelopment
3. MEC Development
Revenue Generator
Public/Private Partnership
Omni CRA
Revenue Projections
Miami Entertainment Complex
MEC Business Plan Revenue Projections
•25% Occupancy/Year = $743,625 gross revenues
•50% Occupancy/Year = $1.5 million gross revenues
•75% Occupancy/Year = $2.2 million gross revenues
•100% Occupancy/Year = $2.9 million gross revenues
Omni CRA
Next Steps
Miami Entertainment Complex
MEC Agenda Item
•Allocate $1,087,268 from sale of southern portion
•These funds will be used to start the process
•Planning
•Design
•Permitting
•Construction
•Overall estimated project cost is $10.5 million
Omni CRA
MEC Support
Miami Entertainment Complex
MEC Letters of Support
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Adrienne Arsht Center- Ken Harris,
Director of Operations
Camacol-Luciano Garcia, Exec Director
G-Star Studios – Greg Haupner, Founder
and CEO
Rock of Ages -Sam Tedesco, Warner
Brothers
Burn Notice –Terry Miller, Producer
Charlie’s Angels –Boris Malden, Producer
Ice Palace Studios-Eugene Rodriguez,
President
Miami World Cinema Center-Patrick
DeBokay, CEO
Gary Nader Fine Art-Gary Nader
Gypsy K - Jeffrey Kluger, President
Espacio USA-Diana Mancipe, Manager
Crown Media Group-Dan Moroso, CEO
Omni CRA
Miami Entertainment Complex Tomorrow
Miami Entertainment Complex
MEC - Rendering