Miami Today is reporting that an I-395 bridge will be funded for 2018, although a completed design won't come until January 2015.

Miami commissioners came to an agreement with the State of Florida for the bridge going over Biscayne Boulevard separating Park West and the Arts & Entertainment district. 

The project is estimated to cost between $500 - $600 million and will include 1.4 miles of road.

*Updated* Below are renderings of the two proposed designs via exMiami

Wishbone Design

Lotus Design