In the case of Mercy Hospital, where Perez had the politics lined up, a majority of city commissioners loved the plan -- now scuttled -- to put multi-million dollar condos on the Coconut Grove waterfront. The highly unpopular Perez condo fizzled in the solvent of the housing crash, during a period when Perez' empire and status was teetering on an edge.
Perez survived because bankers from far away who funded over a billion in loans to Perez, icon of overdevelopment, decided he was too big to fail. But Perez never cared about "overburdening" public infrastructure. His entire fortune is based on shifting costs of traffic, water, wastewater, etc. to taxpayers. Why give up the formula for millions, now?
My sense is that there is more to the cancellation of the Watson Island overdevelopment. The reported antagonism the project engendered between Miami and Miami Beach was the ostensible rationale.
It had to be about business and profits, and my guess is that the costs to Perez had to outweigh the benefits. No Miami developer has ever flinched from putting more traffic onto overcrowded roadways. That's the rationale offered by the neat as a pin press conference featured in The Miami Herald. So what would those costs have included, that perhaps the attendees of the public/private press conference would not want to talk about?
I wonder if Perez had trouble insuring the project. Is the back story that sea level rise is finally braking the overdevelopment of coastal South Florida? That would be a good question for Herald reporters and Miami Today, to start asking.
Perhaps Perez' prospective insurers, or re-insurers, are paying attention and read UM chair of the Department of Geologic Science Dr. Harold Wanless' testimony on wastewater infrastructure issues and seal level rise, in the lawsuit by Biscayne Bay Waterkeepers in federal court: "By 2063, there is projected to be further sea level rise of 1.8 - 3.1 feet according to the most recent NOAA projects. With a further 1.5 - 2 feet of sea level rise there will be no natural Virginia Key left. This will happen within the net 32-53 years."
Watson, I presume?