Miami's Construction Boom

Projects will double the tax budget of one of the nation's poorest cities, but the jump in taxes is not a net gain.

Miami has 233 mixed-used projects in process, which will bring more than 66,000 new residential units to or or near downtown. If all are completed, the City's tax rolls would increase to over $40 billion by 2006, from $22.0 billion today. The city is forecasting that virtually everything currently in the pipeline will be completed. "At this point, there is no evidence of city projects slowing down," Mayor Diaz said. The jump in taxes is not a net gain. Costs rise with growth. "As the city becomes denser," Larry Spring, city budget and strategic planning chief said, "additional expenses on police and firefighters are necessary."

Thanks to Silvia Vargas

Full Story: New projects to double Miami's tax rolls, officials say

Comments

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Red necktie with map of Boston

For dads and grads: tie one on to celebrate your city!

Choose from over 20 styles imprinted with detailed city or transit maps.
$44.95
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.
Currently on backorder