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President Joe is a killer

caneingville said:
It's extremely controversial, for obvious reasons (cough, eminent domain, cough), and I don't necessarily think it's the "right" thing to do. However, for many years people have speculated about the possibility of UM expanding west, mostly just because once you cross Red Road, you are no longer under the jurisdiction of Coral Gables but instead in South Miami.

This map shows everything very well. The blue outline was marked from the Pacer walking app, but it works as it is almost the outline of the campus, minus the fraternity houses on San Amaro Drive and a couple other buildings on Ponce de Leon Ave.

We now have the park that we're giving to the City of Coral Gables on the east side of campus - I've marked that.

To the west is Red Road, also known as SW 57th Avenue, which is also the boundary jurisdiction between Coral Gables and South Miami. That area is mostly low-income housing (hence the controversy) and some apartment areas that are popular among students. However, one of the advantages of building in South Miami as opposed to Coral Gables, as TOC pointed out above, is that Coral Gables ordinances prevent UM from building beyond seven stories high. That is obviously another reason why we will never be able to build a football stadium in the Gables.

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Not disagreeing, but sounds like this transaction will loosen Coral Gables ordinances to facilitate expansion without necessarily crossing Red Road.
 
Dwinstitles said:
Whats happening here someone tell me because I have no clue about **** like this,
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Joe E: City of Coral Gables, we're giving you 6 acres for a park

City of Coral Gables: What do you want in Return?

Joe E: Basically we get to do anything we want on all other property we own in Coral Gables, and build whatever buildings we want on those parcels, and you will like it. Now go make me a sammich and bring me a cafecito.

City of Corals Gables: ok, we love you Joe E
 
Good stuff. The red road idea is interesting for phase 2 though. Will take a bunch of money but we are producing it and real estate in south florida is looking like a pretty good long term asset, especially if you're increasing the value of everything with new development. If I were UM I would just start coping things up silently through a shell if possible. Rent it out, sit on it till you collect em all.
 
UM gifts the city a parcel of land appraised at $50 Million dollars and in return will be able to increase the student body by 35% as well as add a full service hospital ON the UM campus. Roughly 4500 students @ $66,000 = potential incremental tuition revenue of $297 million per year, in addition to the incremental revenue / profit / prestige of having an ADDITIONAL hospital in the U health system ... on campus. A new UM hospital would be expected to generate annual revenues in excess of $2.0 Billion dollars (projected based on current revenues of each of the 3 hospitals in the U Health system ....Sylvester Cancer Center $2.3 Billion, UHealth Tower $2.6 Billion, Bascom Palmer Eye Institute $50-100 million). So this land deal has the potential of paving the way for UM to make operational changes / investments "on campus" that will increase the revenue base of UM by close to $3 Billion dollars annually. Nice.
 
UM building a stadium on or anywhere around the campus would be foolish. The Canes football program needs to play further north. Hard Rock is the best case scenario while it lasts.

UM basketball is the campus program. UM football is the City of Miami's program.
 
Rickd said:
UM gifts the city a parcel of land appraised at $50 Million dollars and in return will be able to increase the student body by 35% as well as add a full service hospital ON the UM campus. Roughly 4500 students @ $66,000 = potential incremental tuition revenue of $297 million per year, in addition to the incremental revenue / profit / prestige of having an ADDITIONAL hospital in the U health system ... on campus. A new UM hospital would be expected to generate annual revenues in excess of $2.0 Billion dollars (projected based on current revenues of each of the 3 hospitals in the U Health system ....Sylvester Cancer Center $2.3 Billion, UHealth Tower $2.6 Billion, Bascom Palmer Eye Institute $50-100 million). So this land deal has the potential of paving the way for UM to make operational changes / investments "on campus" that will increase the revenue base of UM by close to $3 Billion dollars annually. Nice.
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U Health has been one of the biggest reasons we're among the top spenders in college football and consistently have one of the best collectives in the country. We probably wouldn't be the program we are today without them. Sure, boosters, alumni, and Canes Connection donations have all played a major role, but the money U Health has brought in has taken the program to an entirely different level.
 
TpaBayFlyFisher said:
Just like Disney did in the late 1960s. They paid triple the going rate for overgrown swamp land…..
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Welllll...I don't know if I'd go that far. First, Tupperware bought a ton of land in Orange and Osceola counties in the 1950s. Then Disney came in and bought about 25x that amount of land in 1964 and 1965, but it was done through a bunch of shell entities so that none of the sellers knew what was happening. One of the purchasers was "M.T. Lott".

At the beginning, Walt got the land at $80 per acre, but by the very end some of the last parcels went for a lot more. The average price paid was $182 per acre. Most of the swampy stuff was set aside as environmentally-sensitive "not-to-be-developed" wetlands.

Most people don't know that the tunnels under Magic Kingdom are "above ground". The tunnels were built, then the lake was dug and all the dirt was put on top of the tunnels, and then the theme park was built on top of that.
 
The farmers, who owned lots of the land, suspected something "big" was underway, but no one thought it would be Disney World.
 
Does anyone know if this city of Coral Gables application is publicly accessible, and where to find it if so? Would be interested in reading it.

Also, is there a new campus master plan available?
 
Rickd said:
UM gifts the city a parcel of land appraised at $50 Million dollars and in return will be able to increase the student body by 35% as well as add a full service hospital ON the UM campus. Roughly 4500 students @ $66,000 = potential incremental tuition revenue of $297 million per year, in addition to the incremental revenue / profit / prestige of having an ADDITIONAL hospital in the U health system ... on campus. A new UM hospital would be expected to generate annual revenues in excess of $2.0 Billion dollars (projected based on current revenues of each of the 3 hospitals in the U Health system ....Sylvester Cancer Center $2.3 Billion, UHealth Tower $2.6 Billion, Bascom Palmer Eye Institute $50-100 million). So this land deal has the potential of paving the way for UM to make operational changes / investments "on campus" that will increase the revenue base of UM by close to $3 Billion dollars annually. Nice.
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Idk where this enrollment increase thing is coming from but it is completely fabricated. That is flat out not happening.
 
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