Award of $1,750,000.00 with the objective to facilitate and evaluate public-private partnerships in which the private sector partner could assume a greater role in project planning, development,…

The U.S. Department of Transportation's Immediate Office of the Secretary awarded a $1,750,000 Cooperative Agreement to the City of North Miami under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945). The objective of this award is to facilitate and evaluate public-private partnerships in which the private sector could assume a greater role in planning, development, financing, construction, maintenance, and operation of transportation infrastructure, including assisting the City in entering into asset concessions. The key activities and deliverables include an asset concession report, quarterly reports, and other project deliverables to support the North Miami Downtown Redevelopment project via transit-oriented development. The period of performance for this 3-year Cooperative Agreement is from April 2025 to April 2028.

Activities

North miami downtown redevelopment P3 via transit oriented development. Deliverables and expected outcomes: asset concession report, quarterly reports, and deliverables.

Intended beneficiaries

Commuters and residents of north miami