{"id":196063,"date":"2026-03-18T08:39:46","date_gmt":"2026-03-18T08:39:46","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/196063\/"},"modified":"2026-03-18T08:39:46","modified_gmt":"2026-03-18T08:39:46","slug":"500-million-bond-funding-on-tap-for-university-of-miami-projects","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/196063\/","title":{"rendered":"$500 million bond funding on tap for University of Miami projects"},"content":{"rendered":"<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.miamitodaynews.com\/subscribe\/\" title=\"www.miamitodaynews.com\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2025\/10\/Subscription_skyscrapper_Green.jpg\" width=\"120\" height=\"600\" border=\"0\" alt=\"www.miamitodaynews.com\"\/><\/a><\/p>\n<p>Advertisement\t\t\t\t\t\t<\/p>\n<p>Written by <a href=\"https:\/\/www.miamitodaynews.com\/author\/admin\/\" title=\"Posts by Miami Today\" rel=\"author nofollow noopener\" target=\"_blank\">Miami Today<\/a> on March 18, 2026<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" fetchpriority=\"high\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2025\/10\/Breaking-News_Red.jpg\" alt=\"$500 million bond funding on tap for University of Miami projects\" class=\"postimage\" width=\"483\" height=\"300\"\/><\/p>\n<p>\u00a0<\/p>\n<p>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.<\/p>\n<p>The university\u2019s planned projects would be on the Coral Gables campus, the medical campus, at the Rosenstiel School of Marine and Atmospheric Sci\u00adence Campus on Virginia Key, the UHealth Doral facility at 8375 NW 53rd Terrace in Doral, and the UHealth SoL\u00e9 Mia fa\u00adcility at 2111 SoL\u00e9 Mia Way in North Miami.<\/p>\n<p>The bonds will be issued by the Miami-Dade County Edu\u00adcational Facilities Authority on behalf of the University of Mi\u00adami. 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.<\/p>\n<p>The bonds are specified to be used for financing and re\u00adfinancing, including through reimbursement, the acquisition, construction and equipping of \u201cvarious capital improvements to the university facilities.\u201d<\/p>\n<p>The Internal Revenue Code of 1986 requires that the county commission approve the issu\u00adance of educational revenue fa\u00adcilities revenue bonds following a public hearing, which in this case was held Feb. 3.<\/p>\n<p>Under a 1972 ordinance, the county commission created the Educational Facilities Author\u00adity 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 educa\u00adtional facilities.<\/p>\n<p>The notice of the February hearing noted that the financ\u00ading would cover \u201cfacilities that advance the universities educa\u00adtional and healthcare purposes.\u201d The university will be the legal owner of the capital projects.<\/p>\n","protected":false},"excerpt":{"rendered":"Advertisement Written by Miami Today on March 18, 2026 \u00a0 Miami-Dade commissioners this week were to vote to&hellip;\n","protected":false},"author":2,"featured_media":15297,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[123,125,124],"class_list":["post-196063","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-miami","tag-miami-headlines","tag-miami-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/196063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=196063"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/196063\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/15297"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=196063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=196063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=196063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}