Tourism Investment and Real Estate Development: Will They Drive South Florida Industry Out of Hard Times? It's Looking Good.

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Genting has revealed its big plan for Miami, and it's turning lots of heads. As well it should, because we may have just heard the magic words that will release our local community from being under its current dark economic spell.

Foreign Developer Announces Details of New, Huge Tourist Mecca In Resorts World Miami

Yesterday, Genting pulled back the curtain on its plans for a mixed-use development named Resorts World Miami, and it includes taking the Omni Center and neighboring land to construct not only restaurants, bars, and such but a real, live casino to open as soon as a year from now. If Genting can get the okay to operate a casino in downtown Miami, of course.

Many believe that the Genting Group (officially, Genting Malaysia Bhd., operating casinos worldwide from its Southeast Asia headquarters) will succeed in obtaining a gambling license for its shiny new project from the Florida Powers That Be. That will only increase the pull of this new tourist destination for visitors across the country as well as across the globe.

This is a very, very big deal. Genting will be spending $3 billion here in Miami to develop and build its Resort World Miami project. The waterfront resort, according to the latest Genting release, will have four (4) hotels (5200 rooms) with two (2) condo towers (1000 units) and (wait for it)... a lagoon on the roof that is estimated to span 3.6 acres. There will be a convention center, and Resorts World Miami will have the largest ballroom in the United States.

Please see full article below for more information.

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