Miami Beach commissioners have approved a new multiyear deal that keeps Art Basel at the Miami Beach Convention Center through 2031.
The agreement also includes an optional extension that would add two more years, carrying the fair through 2033. City officials say the deal reaffirms Miami Beach’s intent to keep the modern and contemporary art show in the city.
Art Basel debuted in Miami Beach in 2002 and has grown into what the source describes as the most influential art fair in the United States. City officials called it a signature event that has shaped the city’s cultural identity over two decades.
The fair drew about 80,000 visitors last year and generated roughly $570,000 million in economic impact across Miami-Dade County, according to the figures cited by the city. That number is printed as reported and may need checking against the city’s economic analysis.
For residents and hotel and restaurant owners, the vote means the December fair will stay a fixture on the Beach for at least five more years, with the option of seven.
