On Thursday, November 17th, Miami City Commissioners voted to borrow $45 million to restore the Miami Marine Stadium using special obligation bonds, according to The Miami Herald. The $45 million will include restoration of the Stadium, plus building a 35,000 square foot maritime center.

City officials are still negotiating a contract with architect Richard Heisenbottle to design the renovation of the stadium. 

The Miami Marine Stadium has been abandoned since 1992 after Hurricane Andrew when the City of Miami deemed the stadium to be unsafe. The stadium was used for boat races and for concerts on a floating barge. Since that time, the Miami Marine Stadium has sat empty for over 20 years and has been a haven for graffiti artists. 

The International Miami Boat Show used the Stadium grounds and basin this year and will set up again soon for the 2017 show.