Speech #880060493

When Interama becomes an operating reality it will generate more than 100.000 permanent jobs for Americans and Cubans alike. Under the Area Redevelopment Act. the State authority could financefor a small fraction of the cost involvedthe basic facilities needed to trigger large expenditures from the other sources. In my estimation no other project would require such small Federal funds and yet generate so many economic .benefits. and at the same time substantially reduce the current large outlay for the relief of Cuban refugees for whom Interama would provide employment. My distinguished colleague from Florida and I feel that favorable action on the pending proposal is in line with the objectives of the Area Redevelopment Act and will assist not only Dade County and Broward County. but the Nation as well in coping effectively with a very difficult and delicate situation. I sincerely hope that the Senator from Illinois will accept the pending amendment and that thereafter the Senate will approve his recommendation.