MIAMI – More than 120 employees will lose their jobs when the Miami Seaquarium, shuts down later this year, ending a 70-year run for one of South Florida’s most recognizable tourist attractions.
According to a report from the South Florida Business Journal, Miami developer Terra has agreed to purchase the leasehold interest of the marine park out of U.S. Bankruptcy Court for $22.5 million. The company plans to redevelop the Virginia Key property into a mixed-use project featuring a marina, event space, dry dock, educational center, and a new saltwater aquarium.
According to a recent filing in U.S. Bankruptcy Court, Terra has agreed to acquire control of the Miami Seaquarium lease for $22.5 million. The Miami-based developer plans to transform the waterfront property into a mixed-use destination featuring a marina, event space, dry dock, educational center, and a modern saltwater aquarium…