Want to spend New Year's Eve with Pitbull?

Pop star Pitbull, Fox representatives and a smattering of politicians and politically connected business people are not-so-quietly negotiating a deal to bring a publicly subsidized, nationally televised New Year’s Eve bash to Bayfront Park in downtown Miami. The party, with a production cost estimated to exceed $4 million, is planned around a main stage in the middle of the park overlooking Biscayne Bay.

As many as 150,000 are expected to attend the event, which would be free to the public save the $325,000 that has been committed by two agencies funded by the city of Miami. A contract isn’t yet signed, but the hope from all sides is the event will become an annual affair that would pit Miami and Fox as sun-soaked rivals to frosty Times Square, with Pitbull acting as the Magic City’s version of Dick Clark.

“We’ve been working on this for a while. But we still haven’t signed contracts,” said Miami Commissioner Frank Carollo, chairman of the Bayfront Park Management Trust. “It’s still not a done deal, even though I believe we’re getting there.” Pitbull and production company Endemol Live announced back in May that the pop artist was planning a New Year’s bash somewhere in his hometown, to be broadcast by Fox.

Talks between the pop star’s team and representatives of Bayfront Park and the city of Miami stretch back weeks. But city officials have declined to discuss the event publicly as Fox executives tried to keep details quiet until closer to the event