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For Immediate Release:
February 03, 2022
Media Contact:
Manuel Orbis, Jr.

786-804-0925

Approving agreement to update the 2005 Biscayne Bay Economic Study


On February 1st, 2022, Commissioner Rebeca Sosa advanced legislation approving an agreement between the South Florida Water Management District and Miami-Dade County to update the 2005 Biscayne Bay Economic Study. The agreement calls on the County to contribute up to $152,066.00 of budgeted funds from fiscal year 2021-2022 to the South Florida Water Management District (SFWMD) to bring the study up-to-date.

The Biscayne Bay Task Force recommended the County immediately enter a cost-share partnership with the SFWMD to update its 2005 Biscayne Bay Economic Study. The purpose and scope is to estimate the economic contribution of Biscayne Bay from 2005 to 2019 as it is used in real estate development, recreation, shipping, cruising, commercial fishing and to update the recreational uses and intensity of use of Biscayne Bay. In addition to updating the original study, this version will add an in depth economic analysis of the impact of Biscayne Bay on real estate value in Miami-Dade County.

“This study will help us further recognize the ways Biscayne Bay affects many aspects of our community,” said Commissioner Sosa. “Much has changed since 2005, and it’s important that our residents understand the bay’s true impact on all of our lives and encourage them to take better care of this most precious natural resource.”