Breaking down Miami's Riverside Wharf ballot question

• Now, developers are planning two 10-story towers, including a 165-room Dream Hotel, an event hall, a nightclub, and a rooftop day club. A revised version of the The Wharf would feature a seafood market, and there'd also be a deep-water yacht marina.
• The project would take up two acres, part of which is owned by the city. Developers, who are requesting a 50-year lease extension, own the adjacent land.

What they're saying: Alex Mantecon, co-developer of Riverside Wharf, tells Axios the longer lease is needed to secure financing to build the $185 million project.

• His group took over the city-owned site from a fishing operation that had been paying about $25,000 per year in rent, he said. The developers now pay over $200,000, and that amount would jump 50%.

• "It's a parcel that, without having ownership of the property next door, it really becomes a non-developable site," Mantecon said. "We're trying to make something that's going to redefine what the Miami River is."

Yes, but: Allowing private entities to use public land is always a contentious issue.