Miami-Dade committee advances David Martin’s takeover of Miami Seaquarium

A Miami-Dade County committee gave David Martin’s Terra the green light to take over the troubled Miami Seaquarium in Virginia Key. Now the Coconut Grove-based firm will seek approval from the full county commission next month.  On Thursday, the Miami-Dade appropriations committee advanced Terra’s proposal to acquire Miami Seaquarium’s lease from the bankrupt company that owned the longtime attraction. A Terra affiliate is buying the lease and Miami Seaquarium for $22.5 million.  A Delaware bankruptcy court approved the deal, but it needs the county’s approval because Miami-Dade owns the property at 4400 Rickenbacker Causeway.  Martin aims to reimagine the aging […]

This article originally appeared on The Real Deal. Click here to read the full story.