HALLANDALE BEACH (CBSMiami) – Drivers along Hallandale Beach Boulevard and Biscayne Boulevard may be wondering what all that construction is on the northeast corner of Gulfstream Park.

What can be seen from the road is a large silver dome and several structures, several stories tall, wrapped in scaffolding.

No, it’s not going to be the world’s largest slot machine.  Instead it’s something out of mythology. Care to take a guess?

If you said a giant Pegasus stomping a dragon give yourself a pat on the back because that’s exactly what it’s going to be.

The $30 million bronze and steel sculpture, which will stretch 220 feet long and stand 11 stories tall, is Gulfstream’s centerpiece for a destination called Pegasus Park which one day may include water slides and Ferris wheels, according to CBS4 news partner The Miami Herald.

As for the silver dome resting under the flying horse’s derriere.  It’s reportedly going to be a movie theater, according to the Sun-Sentinel.

The statue is part of plan for more development at Gulfstream which includes hotels, a stand alone casino and concert hall.

The statue also represents a sharp turnaround from Gulfstream which up until recently wanted to be the region’s next great shopping center, according to the Herald. Gulfstream now plans to emphasize fun along with fashion.

Situated nearly midway between Miami and Ft. Lauderdale, Gulfstream’s 300 acres of land boasts an enviable location in one of the country’s most sought-after markets. Its open-air design offers a more affordable and roomier alternative for retailers to the nearby Aventura Mall.

The next steps for Gulfstream aren’t firm. At the end of last year, Gulfstream’s owners temporarily dropped plans for an amusement park from their zoning application when they hit resistance from the city’s planning department and the retail complex notified lenders it will stretch its final construction plan five years into 2022.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Miami Herald Press contributed to this report.)


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