Written by Miami Today on May 27, 2026
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VISIT FLORIDA FUNDS: Visit Florida President and CEO Bryan Griffin said the tourism marketing agency is in line to receive $80 million from the state in draft budgets for fiscal year 2026-2027 now before the Senate and House – the same level as the current year. “We’re very pleased about that, for the support among all the different decision-makers in the state,” he told members of the Visit Florida Executive Committee last week. “We’re grateful, and we’re going to continue to make sure that they have everything they need, to know that we are being effective and spending money wisely, and being good stewards of the taxpayer dollar.”
CANCER INSTITUTE RENAMED: Baptist Health Miami Cancer Institute will be renamed the Baptist Health Herbert Wertheim Cancer Institute after Dr. Herbert Wertheim donated $100 million, the largest single philanthropic gift in Baptist Health’s 66 years. A major focus of the funding will be to advance Baptist Health’s academic and research partnership with the Florida International University Herbert Wertheim College of Medicine, expanding opportunities for training and professional development of medical students, residents and researchers. The gift will also establish the Dr. Herbert Wertheim Center for Cancer Prevention. The cancer institute opened in 2017 and continues to grow. Dr. Wertheim is the founder of Brain Power Incorporated, a Miami-based optical products manufacturer. He has contributed more than $300 million to Florida higher education.
CAR TOWING REVAMP: An “End Resident Tows” residential towing package and enforcement framework sponsored by Commissioner Alex Fernandez won approval May 20 from the Miami Beach City Commission. The package includes measures to reduce unnecessary tows affecting residents. Non-immediate tow violations such as parking in motorcycle spaces will be handled through warnings, a correction window and courtesy text messages. There’s to be stricter enforcement of violations in residential parking zones by non-residents, freight loading zones, commercial loading zones and other public safety violations.
THINKING OF AVENTURA: New York-based Big Think Capital has leased a 5,995-square-foot office space in Aventura as the fintech-driven commercial lending platform continues expanding. The offices will be the company’s first here. They are to be in the 28-story Onyx Tower at 1010 S Federal Highway in a deal brokered by JLL. Big Think says it provides customized financing to small and medium-size businesses across the nation.
These are some of the FYIs in this week’s edition. The entire content of this week’s FYIs and Insider sections is available by subscription only. To subscribe click here.
