By Ethan Anderson

Copyright hoodline

The bankrupt Miami Seaquarium is set to undergo a major transformation led by local developer Terra Group. With approval from creditors and pending decisions from bankruptcy courts and county commissioners, the plan could convert the facility into a destination without marine mammals, according to Local 10 News.

The concept involves a full refurbishment of the Seaquarium, following all applicable laws and regulations. Plans include an accredited aquarium, interactive aquatic exhibits, and an education center within a redeveloped waterfront site. The park’s closure is projected for late 2025, but this date is described as “aspirational” due to the time needed to transfer animals safely, as per Local 10 News.

Miami-Dade Mayor Daniella Levine Cava and Commissioner Raquel Regalado told NBC Miami that the agreement represents a new chapter for marine education and Biscayne Bay preservation. The project will include boating opportunities, family-friendly amenities, and natural resource protection.

Court filings show the Seaquarium lost $1.5 million over five months, with Local 10 News reporting that The Dolphin Company, the current operator, faced financial challenges. The transition process includes job security measures for 103 employees during bankruptcy, but their future employment will depend on the final sale terms and the developer’s plans.

Opened in 1955, the Seaquarium has faced scrutiny over marine mammal deaths and welfare concerns. The future plan seeks to focus on education, conservation, and non-exploitative animal interaction.