Florida Growth Management Laws Become a Reality - Concrete Examples of What This Means to Miami and South Florida

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Now that the Florida Legislature has overhauled state laws that controlled and curtailed the activities of land developers in Florida - laws that await the Governor's approval, and which for the most part will become effective almost immediately upon his signature since they are budgetary in nature - Floridians are coming to grips with what this may mean for their local communities.

In the Miami-Dade and South Florida areas, environmentalists have pushed for law after law designed to block urban growth in order to protect perceived dangers to nearby wetlands, farmlands, and the Everglades. With the 2011 legislation, things will change.

Now, the state will not be the entity blocking real estate development - those controls have been turned over to local communities and left to federal oversight. The Florida Legislature hopes that this freedom to move will help real estate markets, commercial and residential, both in development and in later transactions, all with the goal of salvaging the depressed Florida ecomony.

What's appearing on the horizon? New development, new jobs, an economic boost - hopefully

Already, the Miami Herald is reporting about the revival of a plan for a "suburban town" to be built west of Homestead, based upon 2008 plans that got shelved after the economy went south and state powers-that-be challenged the need for the development. Lennar, one of the country's largest homebuilders, is attached to this project. One example.

In an interview given to Jennifer LeClaire at GlobeStreet.com yesterday, Terry Stiles, Chief Executive Officer of the Stiles Corp., provided his input on what will be happening in South Florida now that the Growth Management Laws have been changed.

Please see full article below for more information.

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