By Brian Bandell
Downtown Miami has become one of the fastest-growing urban cores in the world, and local leaders are encouraging the city to tackle the challenges that come along with such growth.
The Miami Downtown Development Authority held an event at Brickell City Centre’s East Hotel on Thursday for its 50th anniversary where four of its board members both touted the city’s success and discussed its problems. Downtown now has 90,000 residents, a 50 percent increase since 2000, and another 20,000 people are expected to move in during the next five years. Many of them are in younger age groups. In addition, downtown has 162,000 daytime workers.
All those new residents and workers have helped businesses flourish. Shops in downtown generated $4.5 billion in retail revenue in 2014, according to the DDA. Additionally, more than 4,000 hotel rooms are under construction or proposed there.
Miami Commissioner Ken Russell, chairman of the DDA, said the authority has achieved what it set out to do in helping downtown develop into a vibrant city with more residents. Now it must work on issues that impact their lives such as affordable housing, schools, and attracting tech companies.
Here’s what four DDA board members with prominent jobs said.
Read the Full Story HERE >>>> Source: Miami Downtown Development Authority looks to tackle growing pains – South Florida Business Journal