What could have been an economic development homerun for Miami's Wynwood neighborhood has turned out to be a miserable failure. Nonetheless, hope remains that new ownership can restore the site's promising potential.
"Behind wide-open gates, the big warehouse and office building -- the product of millions of dollars in public investment -- stands empty and trashed, windows busted out, covered in graffiti, stripped by vandals of anything of value.
This is all that remains of the Wynwood Foreign Trade Zone, a commercial project whose sponsors once pledged 3,000 jobs for a struggling community. It never got off the ground, done in by 17 years of infighting and a skein of lawsuits steeped in claims of ethnic discrimination.
Now the bankrupt nonprofit group behind the trade zone stands to receive a multimillion-dollar windfall from a project that by any measure has been a rotund failure."
FULL STORY: Failed Wynwood site attracts bids
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