Until this morning, the fate of Ultra Music Festival hung in the balance. The organizers put forth a new proposalto host the festival on Virginia Key, 10 minutes away from Bayfront Park. Among opposition from Rapture Music Festival and the residents of Key Biscayne (who do not belong to the same county district as Virginia Key), the matter was brought to vote this afternoon at the Miami City Council.
After over three hours of contentious deliberation the council voted today to approve Ultra’s proposal to move to Miami Marine Stadium and Historic Virginia Key Beach Park in Virginia Key. The stipulation of the deal was the fee of $2 million to the city of Miami from Ultra for the ability to sell up to 60,000 tickets to the festival. The contract will be in place for two years, with a revocable option within 60 days after the festival given special circumstances.
Commissioner Joe Carollo was the main opponent of the proposal for the majority of the deliberation, choosing to focus mainly on the money that would be owed to the city by the festival. Fluctuating from $1.4 million at 50,000 tickets to the final number of $2 million at 60,000 tickets, Carollo finally conceded a YES vote following a lengthy explanation during the vote tally