Miami in the 21st Century
The new century has showed a continued growth in real estate in Miami as well as a constant influx of tourists taking vacations.
The episode between little Elián Gonzalez and his handover to his father in Cuba and being taken by the Federal agents out of his home sparked several riots in the Little Havana area of Miami. Many businesses closed in support of the little boy while trying to disrupt the vacations of visitors coming into Miami on holiday.
In 2003, the Free Trade Area of the Americas was signed to increase intellectual property rights as well as a reduction in the trade barrier. Much opposition occurred at this idea.
Within the first decade of the 21st century, Miami turned out another large building boom. Most of the large high rises you can see in the skyline today were built during this growth in real estate. Miami now has one of the largest skylines in the states falling only slightly behind the powerhouses of Chicago and New York City. The boom began to slow at the global economic downfalls occurring in 2008 with many of the real estate projects being put on hold if not abandoned altogether.
May 2010 brought the beginnings of construction on the Port of Miami infrastructure project: the Port of Miami Tunnel that is scheduled for completion sometime nearing 2014.
Miami still holds much promise for visitors on vacations and people wishing to find real estate in the area.
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