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Written by Miami Today on March 18, 2026
Miami-Dade commissioners this week were to vote to approve the issuance of $500 million in revenue bonds for unspecified University of Miami capital projects in five locations.
The university’s planned projects would be on the Coral Gables campus, the medical campus, at the Rosenstiel School of Marine and Atmospheric Science Campus on Virginia Key, the UHealth Doral facility at 8375 NW 53rd Terrace in Doral, and the UHealth SoLé Mia facility at 2111 SoLé Mia Way in North Miami.
The bonds will be issued by the Miami-Dade County Educational Facilities Authority on behalf of the University of Miami. Neither the authority nor the county commission, which must approve the issuance, would be responsible for paying any of the principal or interest on the bonds.
The bonds are specified to be used for financing and refinancing, including through reimbursement, the acquisition, construction and equipping of “various capital improvements to the university facilities.”
The Internal Revenue Code of 1986 requires that the county commission approve the issuance of educational revenue facilities revenue bonds following a public hearing, which in this case was held Feb. 3.
Under a 1972 ordinance, the county commission created the Educational Facilities Authority and empowered it to issue tax-exempt revenue bonds for the purpose of making loans to secondary educational facilities such as the university to provide financing for qualified educational facilities.
The notice of the February hearing noted that the financing would cover “facilities that advance the universities educational and healthcare purposes.” The university will be the legal owner of the capital projects.