Miami Beach sits with the Atlantic Ocean to the east and Biscayne Bay to the west. The sandbar was bought in 1870 by Henry Lum and his son Charles for 25 cents per acre. After failing to turn it into a coconut farm, it was sold to Elnathan Field and Ezra Osborne, who flipped it to John S. Collins and his son-in-law, Thomas Pancoast. The beach would later be connected to the city of Miami via a wooden bridge, built in 1915.
The mangroves were eventually cleared out, the channels deepened to
IEX’s John Ramsay joins to talk about the SEC’s proposed Transaction Fee Pilot and why he thinks it should move forward.Subscribe to Weekly Wrap emails