The restoration project, spearheaded by the Oak View Group alongside local partners Breakwater Hospitality Group, aims to convert the iconic structure into a state-of-the-art space for concerts and public gatherings. Commissioner Damian Pardo, a vocal proponent of the initiative, described the referendum results as a landmark moment for the city, marking the transition from years of grassroots campaigning to active development.

For the developers, the project represents a delicate balance between historic preservation and economic utility. Greg O'Dell, President of Venue Management at Oak View Group, noted that the site serves as a symbol of the city's identity. Moving forward, the team will begin negotiating management contracts for the surrounding Flex Park on Virginia Key. The next phase involves a comprehensive visioning process, where architects and local stakeholders will determine how to maximize the site's potential while honoring its architectural legacy.