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by Lisa A. Grimaldi | August 17, 2016
Broward County (Fla.) commissioners have approved a predevelopment agreement with Matthews Southwest Holdings of Lewisville, Texas, to refine its plans to expand the Greater Fort Lauderdale/Broward County Convention Center in Fort Lauderdale and build an 800-room convention property, according to press reports. The project, which is slated for completion in 2020, would add 300,000 square feet to the center and is expected to cost $550 million.

Commissioners also approved a measure to buy back the land lease and development rights for the existing Portside Yachting Center, which will be used for the expansion. The county started out a year ago with five bidders, but developers dropped out until only Matthews was left.  

The Greater Fort Lauderdale/Broward County Convention Center currently has 200,000 square feet of exhibit space.