The Problem with Leased Government Property
Miami-Dade County sits on some of the most valuable waterfront real estate on earth. Much of it — including former U.S. Coast Guard facilities — has been leased to private operators who pocket the majority of revenue while the county receives a fraction in lease payments.
That's backwards. The county's assets should generate maximum value for the county — and through the Project Fund, for every resident.
MDC Quarters: The Vision
MDC Quarters converts former U.S. Coast Guard facilities and other county-owned waterfront properties into fully county-operated hospitality venues:
- County-owned lodging (hotels, lodges, camping)
- County-run food service and event space
- County-managed visitor and marina services
- No private leases. No outside operators. No landlords.
Why County-Run Beats Public-Private Partnerships
Public-private partnerships sound efficient in theory. In practice, they typically mean private profits and public risk. When the private partner defaults, exits, or underperforms, the county absorbs the losses.
MDC Quarters eliminates this risk by keeping operations entirely within county control. County employees staff the facilities. County administrators set prices. County revenue flows to County residents.
Revenue Flow
All MDC Quarters revenue flows into the Project Fund, which delivers quarterly community benefit payments to Miami-Dade residents. Every tourist who stays at an MDC Quarters property is, in effect, contributing directly to resident income.