Monday, January 27, 2020

5A – Identifying Local Opportunities

Ultra Music Festival Terminates Agreement With Miami, Will Move Elsewhere in South Florida

The Ultra music festival will leave Virginia Key in key biscayne as its home after one year as the experiment to move it outside of biscayne bay in brickell did not work. There were many issues involving traffic and safety which led organizers and lawyers to move is back to its original home and away from the marine stadium which did not have the infrastructure to hold an event of that magnitude.
-Organizers are looking to hold an event that is not easy to hold due to the image electronic dance music holds in today's society. Ultra known as one of the top festivals for electronic dance music and with its known use of drugs and alcohol it can be hard to sway city officials to hold the event.
-Organizers and city commissioners trying to hold a festival that will create revenue for the city of miami

Commuters concerned about shortage of parking spaces in Metrorail garages


The city of miami has grown in scale drastically but the parking lots that hold cars for people using the transportation system the city provides has not.It has created issues as the number of people using public transportation system has risen by over 25% in the following years.
- In the following years if the current trend continues there will not be enough parking for people trying to use the public transportation systems in the city of miami.


- Both the city and commuters have a problem as commuters are scared that they will not be able to use the public transportation system with ease and the city had no reasonable answer to the public's worry about the lack of parking spaces the city provides.

South Florida's Housing Affordability Crisis Among Worst In Nation

The increase in housing costs across miami has caused housing for people that do not earn a high wage to spend more than 30% of their income on rent yearly. It is starting to cause Miami to look like New York and Los Angeles in comparison to the housing crisis. Developers are continuing to build high rent apartments which are not being filled and causing families that cannot afford the apartments to be pushed into renting and paying insane amounts for rent.

- The increase of wealthy developers coming into miami has caused minority families to spend a lot of their income on rent which has left them less money to support they're family.
- Minority families have the issue that the cost of living in miami is not going down anytime soon and if the incomes of the families do not increase they may be forced out of the city of miami because they cannot pay a reasonable amount of rent to live in the area.

$500 Million For Miami From Super Bowl LIV? Try $50 Million

The city of miami will spend millions on resources and effort on the big game this weekend and the city will revenue only 1 tenth of the projected revenue when it took the responsibility to host the game. People come to miami to vacation if the Superbowl was intown or not compared to when the game is held in Minneapolis or atlanta. The city of Minneapolis made over 400 millions dollars when they held the Superbowl but that is because no one visits the city especially in these frigid months.
-The city has put in tons of effort to host the Super Bowl that will only make them marginal profits after years of preparing to host visitors and the big game.
-City Commissioners have the issue of promising the city another profitable project involving sports like the New Marlins park that was built in 2012. The NFL has the issue of trying to have popular cities host the big game since it will not create enough of an economic 

Miami Rolls Out A Resiliency Plan. It Will Include Overhauling The Aging Stormwater System.


The city of miami plans to overhaul its flooding protocols that belong to the city due to the sea level rise and concern of climate change. They have mapped out a variety of changes they can make to the cities infrastructure to keep the sea water from over running the city.
- The planning of fixing the problem of continuous sea level rise and what actions could be taken to protect the city against the continuous rise and concern for citizens.
- The citizens of miami and elected officials need to have a plan to combat this issue by creating plans if the city has to face the current issues that are projected by the city. Climate change affects everyone.


2 comments:

  1. Hey Ted,

    The news regarding how much Miami will take in overall after the super bowl is ridiculous. The city gets paid 500 million to host such an amazing event and, walks away with less than a quarter of it. Security and accommodations to properly prepare the city goes into account of this and 50 million is still a lot of money. However, that is a huge loss. That loss may prove to be beneficial for future gains, as more people will see the beauty of Miami.

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  2. Hi Ted,

    I think the stories you chose were all great picks that depicted general issues in the community with a high range of impact. Personally, I found myself drawn to the story about the affordable housing crisis, since it seems like it is becoming a national issue in cities everywhere. It brings up the debate of gentrification and the ethical dilemma it poses, as some families sometimes find themselves being pushed out of their own neighborhoods.

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28A

My exit strategy is hopefully to sell the business for a reasonable return.Every business has its life cycle and when I deem it time for it ...