OMNI COMMUNITY CRA

Intergovernmental and Economic Impact Committee · 2026-07-15 · resolution

This legislative item concerns the approval of the amended Fiscal Year 2025-2026 budget for the Omni Community Redevelopment Agency and the Omni Community Redevelopment Area. The total amended budget is $73,064,289.00. The budget includes various allocations for administrative expenditures, operating and redevelopment expenses, grants, debt service, land acquisition, construction projects in progress, and obligations with other governments, including specific amounts for the Performing Arts Center, Seaport tunnel, Children's Trust programs, and Maurice Ferre Park capital improvements. The Omni Community Redevelopment Area is located within County Commission Districts 3 and 5. The Agency's revenue source is tax increment financing (TIF). The budget was approved by the Agency on February 12, 2026, and the City of Miami on February 26, 2026. The matter is currently 'In Committee'.