Another question is the risk to taxpayers, if the project flops. The agreement calls for the HABDI partners to invest a minimum of $16 million the first seven years. But most of the development money—an estimated $500 million—would come from other investors, still unnamed.
The county would contribute $10 million worth of roads and improvements. Meanwhile HABDI would pay no rent on undeveloped property.
County Manager Armando Vidal says he's confident the Homestead deal is solid, and the public's interest will be protected. Commissioners will take a final vote Jan. 11.
Many who live near the base—Anglos, blacks and Hispanics alike—are justifiably suspicious and upset. It's not that they don't want the place developed; they just want to make sure it's done fairly, and with the best chance of success.
They don't want a sneaky political deal shoved down their throats, which is what's happening.
Time will tell if HABDI can make good on its grandiose promises for the old air base. What's disgraceful is that nobody else is getting a chance to bid, so people in South Dade will never know if something better could have been done.
Greenpalm: A true-life tale of bugs and rats
September 22, 1996
You've probably heard of Howard the Duck. Now meet Howard the Rat.
That would be Howard Gary, former Miami city manager and now a star informer in the Operation Greenpalm corruption probe.
While Howard the Duck was merely a lame movie character, Howard the Rat is a true-life crook. He got caught trying to squeeze a $2 million "consultant" fee out of Unisys, a computer company seeking contracts with the city of Miami.
Unisys executives, it seems, weren't in the mood for a shakedown, so they told the feds about the outrageous money demands made by Gary and his corrupt cohort, then-Miami Finance Director Manohar Surana.
Both men were soon visited by FBI agents, who apparently explained with excruciating clarity what lay ahead. Both Gary and Surana agreed to cooperate in the hopes of avoiding prison.
Before long, the men were wearing electronic bugs and chatting up dirty deals. Implicated so far are ex-City Manager Cesar Odio, City Commissioner Miller Dawkins, County Commissioner James Burke and other players to be named later.
Odio has been charged. Burke hasn't. Both men claim they were set up, although they'll have a tough time explaining some of what they say on the secret tapes.
A brief history is helpful: After being fired as city manager in 1984, Gary opened a municipal bond firm. His old chums in Dade politics steered lots of business his way, and the firm prospered. In 1993 alone, it was involved in $2 billion worth of deals nationwide.
Bond issues are a convenient way for politicians to repay favors and reward big campaign contributors. Law firms that are appointed local bond counsels receive absurd fees for minimal work. Likewise, hometown bond companies often get a juicy cut of the sales while New York underwriters do the heavy lifting.
The best part is it's perfectly legal. Usually. The FBI and SEC have been sniffing around Dade's queerly allocated bond packages for several years.
Gary entered the business at a time when it was finally opening up to minority underwriters. "I don't think it's bad getting in because of politics," he once said. "I think it's bad if you get in the door and don't do your job."
Or, say, get busted.
Once the feds had him by the shorts, Gary offered to share some tricks of the trade, Miami-style. Wearing a wire, he approached Commissioner Burke, who chairs Metro's finance committee.
Gary offered Burke up to $100,000 if Gary's bond firm got a piece of a major deal—a $183 million refinancing of Dade's recycling plant. Sources say Burke agreed, and shortly thereafter Howard Gary and Co. was listed as a last-minute addition to the bond management roster.
Burke insists he didn't get, or ask for, any money. But he conceded: "There were some conversations which I shared with [Gary] that there was something I wanted … some things we were going to do together. They were personal."
Translation: It might sound like a bribe on tape, but it's really just two guys, talking about guy stuff.
Howard the Rat's role in the blossoming scandal is particularly odious because of the way he's traded on his firm's status as minority owned. His crookedness is a slap in the face of every honest black businessman who's tried for a public contract.
Ironically Gary probably wouldn't be in trouble if he'd been content with the fortune he's making with bonds. But no, he had to go try a $2 million rip-off of Unisys.
It's nothing but greed, which remains a serious character flaw among rats. That's how they always get caught.
Take over city; commissioners won't notice
December I, 1996
With Miami auguring toward bankruptcy, state authorities are poised to snatch control of the city's mucked-up finances.