Genting Malaysia ready to progress Miami project

Genting Malaysia wants to transfer boat-slip permits from properties on the Miami River to the casino operator’s waterfront site, which has been earmarked for a 50-yacht marina.

According to a letter from Kirk Lofgren, the consultant of Resorts World Miami, there is a proposal to transfer 42 slip permits now attached to Austral Marina — which Lofgren owns — and three parcels owned by Finlay Matheson on which he operates a marina and has leased out space to Apex Marine, a repair and maintenance boatyard.

This proposal has prompted speculation that Genting Malaysia’s long-delayed project was ready to progress, said the Herald.

Malaysia-based Genting purchased the newspaper site, announcing plans for its $3 billion luxury casino, Resorts World Miami in 2011.