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
[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."
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 -