Miami Moves to Seize Part of Posh Island After Fuel Fight

Miami’s mayor is moving to forcibly acquire 10 acres of land on Fisher Island, one of the priciest ZIP codes in the US, from real estate developers who want to replace a maritime fuel facility with swanky new condominiums.

The site is home to the Port of Miami’s fuel depot, a vital piece of infrastructure for the bustling cargo and cruise hub. The depot’s previous owners sold the parcel last year for about $180 million to a group of developers including Jorge Perez, widely known as Miami’s “condo king.”

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