The City of Miami announced $42 million to restore Miami Marine Stadium and create a mixed-use park around it, The Associated Press reports.
The 6,566-seat stadium was built in 1963 on land donated for water sports, and designed by architect Hilario Candela, then a 28-year-old recent immigrant from Cuba. It was dedicated as the Ralph Munroe Marine Stadium opened, completed at a cost of around $2 million ($16.0 million, adjusted for current inflation).
The venue, located just south of downtown Miami, was revered for its scenic views of downtown and Miami Beach, hosting motorboat events, and events featuring the likes of Mitch Miller, Sammy Davis, Jr., and U.S. President Richard Nixon.
Four years after the stadium received historical landmark status, a 2012 study conducted by the World Monuments Fund deemed the building structurally sound. Public records show the assessment was backed by a 2017 study conducted by Wiss Janney Elstner, an Illinois firm responsible for overseeing the restoration and structural maintenance of the Sydney Opera House. The stadium was added to the National Register of Historic Places in April 2018, according to the AP.
Officials hope the restoration will be completed by 2020.