This announcement is important for several reasons.
First, it demonstrates that public officials are confident that the threat and the perceived threat of Covid-19 is not permanent. Secondly, these revenue bonds will not only create and improve the infrastructure for one of Miami-Dade County's biggest economic engines, but also highlights how public & private sectors work together on infrastructure investments to grow the proverbial economic pie for the region and the private firms.
As we remember, the cruise ship industry was halted in March 2020 with the Covid-19 shutdown. Many wondered about the future of this industry.
We view the authorization of this $335m issuance as a very positive sign for our country in her quest to return to normal.