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MIAMI (CBSMiami) – Miami commissioners have voted unanimously to hold the 2016 Miami International Boat Show at the Marine Stadium.

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Thursday’s vote authorized a bond issue to pay for improvements to the area around the stadium, but not the stadium itself.

The city will spend as much as $16 million on the project and in return will receive rent from the boat show as well as a percentage of the concessions.

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A plan by a private group to renovate the stadium fell through last year.

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