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APRIL 7, 2016

ANOTHER BAD DEAL FOR MIAMI

PROPOSED SETTLEMENT AGREEMENT IN THE REGALADO/SKYRISE LAWSUIT

PART XXIVIII

Here is the proposed settlement agreement in the lawsuit filed by Raquel Regalado against Jeffrey Berkowitz and the Skyrise Tower.  There will be a hearing later this month before Judge Samantha Ruiz-Cohen.


I congratulate Raquel on her success in filing the lawsuit which forced the county to demand that Berkowitz comply with the requirements to receive the $9 million in economic grant money, which he was unable to do.


This problem might have been a manufactured way to gracefully let Berkowitz get out from under the lawsuit, because I find it hard to believe that the requirements of ownership that became a problem now, were never considered back when this deal was proposed and went before the County Commission for a vote.


But then again, some folks in the county are just as dumb as their counterparts in the various municipalities.


In any event, anytime you can walk out of a courtroom with a settlement that supports your position, especially when there’s public money involved,  should be grounds for a celebration.


The remaining question that’s left is whether this ugly tower will ever get built?  It’s now 20 months since the City Commission voted to allow this project to go forward as part of a revised contract with Bayside Marketplace, and within those documents there were timelines for the beginning of this project which has come and gone.


Jeffrey Berkowitz has spent millions of his own money so far, and doesn’t seem to have had the success that he had originally hoped for in raising $240 million from folks overseas looking to invest in the EB-5 program as a way to get a 2 year Green Card to come to America.


The best laid plans of mice and men often go astray, and in Miami, sometimes those plans get bushwacked.


It’s Miami, Bitches!