On the last meeting of the current Miami City Commission, elected officials voted to sell to developers a parcel of city-owned land one commissioner called the city's "most valuable asset" for $29 million.

In a 4-1 vote, commissioners sold land on Watson Island, the land in Biscayne Bay home to Miami Children's Museum and Jungle Island, to developer BH3 Merrimac — which intends to build luxury condos. The developer must pay the city an additional $9 million for affordable housing initiatives.

Outgoing Commissioner Joe Carollo had previously called for more scrutiny on the deal, but voted in favor of the sale in the end.

"The most valuable piece of land the City of Miami has, by far, is Watson Island," said Commissioner Joe Carollo from the dais. " I don't want to stop this development.

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