Q1. What am I actually voting on?
On November 3, 2026, City of Miami voters will be asked whether to approve a lease of about 27.62 acres of public waterfront on Virginia Key — the land where Rickenbacker Marina and Marine Stadium Marina sit — to a private company called Virginia Key LLC.
The lease is a 45-year initial term with two 15-year renewals the tenant can trigger unilaterally, for a possible total of 75 years. Virginia Key LLC has committed to a minimum guaranteed rent to the City and to a redevelopment of the marinas that the ballot describes as "approximately $80,000,000" — and this is not even guaranteed. The amount the City will receive is actually less than they receive from the existing marinas.
Our position: Vote NO.