with a lease and development agreement on Sept. The city leased the property to Parrot Jungle and Gardens Inc. The city owns the 19.3 acres at 1111 Parrot Jungle Trail known as Jungle Island. The amended agreement will allow ESJ JI Leasehold to pay an $8 million lump sum on the original $13.8 million loan made in April 2000 to prior lessee Parrot Jungle and Gardens of Watson Island LLC, and the remaining balance of $5,821,923 would be reduced by $2 million if paid by Jan.
That will require ESJ to show a certificate of occupancy for the hotel. The commission voted to amend a development agreement with ESJ JI Leasehold LLC to pay a portion of a loan given by the city to the original lessee for construction and operation of a hotel at Jungle Island on Watson Island in exchange for the project being completed by 2026. I can’t take the alligator tears,” he said. “I don’t want these characters coming up here every few months and asking for more and more. “They’re crying they need (a break) after we’ve given them – I don’t know how many breaks we’ve given them,” said Mr. Carollo opposed additional concessions to the lease holder. The decision came at the commission’s July 22 meeting, but only after spirited comments from Commissioner Joe Carollo who objected to the deal. Miami city commissioners have approved a deal giving the owners of Jungle Island a financial break on money they owe the city, and the move is hoped to help the company get financing so it can build a big hotel at the Watson Island site.
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