The City of Miami's most valuable property asset has dodged a controversial sale — at least for a few more weeks.

Watson Island, the site of Miami Children's Museum and Jungle Island in the middle of Biscayne Bay, has been at the heart of a contentious back-and-forth between developers looking to build luxury condos and hotel space, and the city that owns the property.

Commissioners were poised Thursday to sell the land to BH3 Management for $29 million plus a $9 million payment for affordable housing and infrastructure improvements. The sale was deferred at the 11th hour, however, after some commissioners questioned if the city was getting its money's worth.

"The most valuable piece of land the City of Miami has, by far, is Watson Island," said Commissioner Joe Carollo from the dais.

See Full Page