BUSINESSJun 1 · 15:00 UTCGUARDIAN USJoseph Contreras in Miami

How Miami taxpayers could be left holding a $400m bill for luxury real estate

Miami-Dade county officials agreed to pay HRP Group over double the price for land on Fisher Island to protect a fuel depot used by the cruise industry. HRP Group won a bidding war for the property, purchasing it for $180m and planning $2bn condominium towers.

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Miami-Dade countyplaceHRP GrouporganizationFisher IslandplaceTransMontaigne PartnersorganizationBiscayne Bayplacecruise industrytopic

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