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by CatDevURandom
4078 days ago
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> Miami officials allowed them a place to go: Brickell. But in the 1970s, it began attracting small banks, and in the decades since has boomed into the “Wall Street of Miami." The reason why Miami has "avoided gentrification" is multifaceted and complex. But it wasn't due to some top-down city planning, I can assure you. Painting the "history of Brickell" as some sort of strategy to avoid gentrification is comically false. Brickell and those small banks therein were largely built with laundered drug money. The -- mostly commercial & real estate focused -- banking sector in Miami is not what the author would have you picture. While the cocaine cowboy days are long over, Miami feels less like a mini-wall street and more like a sofa to shove money under if you happen to live in a less stable nation; and the investment capital flow in this city represents that. |
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Also unlike San Francisco, Miami grew around the automobile as primary transportation. Houses come with parking.
Finally, the primary attraction of Miami is water, and to the degree urban life is attractive it tends toward the velvet rope variety rather than slumming in shared public space.