In November 2018, Miami Beach residents voted to approve the $439 million General Obligation Bond Program, passing all 3 related ballot measures with an outstanding support rate of approximately 70%. The $439 million General Obligation Bond Program is revitalizing public spaces, public structures and public security for the future of Miami Beach. Upgrading city functions and enhancing city aesthetics at an unprecedented scale, the G.O. Bond Program is working to implement 57 separate improvement projects that will positively impact quality of life, economic health and overall resilience in all North Beach, Middle Beach and South Beach areas.
On April 21, the City Commission approved a revised implementation plan for the G.O. Bond Program that effectively reduces the total number of planned bond issuances from four to three. This allows the city to take advantage of current low interest rates to appropriate funds faster and start projects sooner. With the revised implementation plan comes an advancement of some project timelines that were originally scheduled to start in the later years of the 12-year program.
