Committee backs negotiations with Live Nation for Fillmore renovation and new management agreement

The Finance and Economic Resiliency Committee recommended that the full City Commission authorize administration to negotiate a new management agreement with Live Nation tied to a planned renovation of the Fillmore Miami Beach.

City staff and Live Nation representatives presented a targeted renovation plan that addresses structural, mechanical and production needs and updates public areas, bars and backstage facilities. Staff said an engineering/facilities assessment identified a funding gap of roughly $5.3 million to complete the work; Live Nation has offered to contribute approximately $6.5 million toward the renovation, covering the gap and additional exterior/campus improvements. Under the proposed arrangement Live Nation would operate the building under a new management agreement (presentations described a five‑year agreement with a four‑year option, to commence at the end of the current renewal period in 2031).

Live Nation and city staff described scope items: exterior repainting and marquee, mechanical system upgrades, refreshed lobbies and bars, upgraded theatrical lighting and audio, new seating in primary levels, dressing room and loading‑dock improvements, and selective landscaping. Live Nation said it operates the Fillmore under a contracted management arrangement and cited past financial performance when it previously operated city venues.

Financial terms discussed included a proposed 10% rent increase on the cash rent to an amount described as a little over $1.2 million, a city ticket surcharge increase from $1.50 to $1.75, and a proposed 3% annual escalator. Committee members requested indexing options tied to CPI and asked staff to refine financial language. The committee voted to return the item with a favorable recommendation to negotiate a management agreement and to bring final terms to the full commission for approval.