Cash-Strapped Miami Approves 500-Foot Tall Billboards

Miami is about to get a taste of Times Square, now that the city’s commissioners have given their okay to a plan that would erect a pair of towering electronic signs.

Even though the project faced vehement opposition from some residents, the commissioners still voted 4-1 to approve the billboards, which would reach nearly 500 feet into the Miami sky.

The reason? Money. The billboards will provide the city with at least $2 million a year in fees.

In addition to the advertising towers, developers are planning a parking garage and a retail center in the area.

Miami Commission approves skyscraper-size billboards [Miami Herald]