Hedge Fund Manager and Collector Bruce Berkowitz, of Fairholme Capital Management, has reportedly scrapped a proposal for a ten-story office building, which featured public exhibition of works by Richard Serra and James Turrell, in Miami, following fines and a reported lack of attention from City Hall.  “There are no ongoing discussions and the only thing I’ve heard from the city is that I’ve been fined $300,000 for the way we cleared and secured the lot.”Read more at Miami Herald

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