By in Design

Miami Design District

Has anyone heard of DESIGN MIAMI or aka "Miami Design District"?

Recently read about an article that it was a run down district. Sometimes I wonder, how can SME business owners play a role in its contribution towards the development of such a concept or an area, when the economy is rather slow at this point of time.
SME owners are unable to survive in this sluggish economy.

[Quote LA.Times] "Indeed, Miami is nearly broke. With an annual budget of $275 million, a projected shortfall of $68 million this fiscal year could result in the inability to pay police, firefighters and trash collectors as early as February. Standard & Poor's has lowered the city's bond rating to B--junk-bond status." - by

As Debts Mount, Some See Doom Over Miami



[Quote] "...Today, it’s on its way to becoming one of the retail shopping jewels of the world with a property value of at least $1.4 billion."

I say, 1.4B in the making. Who makes all that money out of it.
Developers, the rich and wealthy, Banks, who ever has the money, correct?
The upper class.

We can see Asia countries, such China and etc. Making a foot hole in the low property prices in the states.
VIDEO MIAMI $3 Billion Investment


My second question is, could Detroit be revive again, with such a concept too?

- Ponders & Wonders -




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Comments

iqbal wrote on November 30, 2014, 5:34 AM

some time things are not in our knowledge that have had happend.

allen0187 wrote on December 4, 2014, 10:11 PM

Hard to think that Miami is going bankrupt with all that bling that we see in that city. Hopefully, this is corrected very soon.

opa_js wrote on December 5, 2014, 8:34 PM

@Allen0187
We hope so too.
I believe Miami has some pretty decent ideas running around. Hopefully to see plenty of development around there.

opa_js wrote on December 5, 2014, 8:35 PM

@iqbal
You got a point. Things and issues beyond our control.
Facts-of-life.

crowntower wrote on December 6, 2014, 4:34 AM

I just hope those weakening and weak country can really defend themselves by those opportunist and wicked leaders of some nations to get hold of their necks, I just hope my country can stand still alone with God, and no one can put it down again, nor no one can captivate it again in Jesus name, Amen.

scheng1 wrote on December 7, 2014, 10:06 AM

Sooner or later the Chinese is going to buy all the big properties in US>