DOWNTOWN ORLANDO MAPS OUT ITS ECONOMIC FUTURE

November 9, 2010 14 Comments

Dr. Phillps Performing Arts Center Orlando

When you think of cities positioned best to weather the economic storm, which ones come to mind? Austin, perhaps? Minneapolis? How about Orlando? You may think of this city only as home to tourist attractions, but Orlando is quickly building a reputation as an economic and political trailblazer. Most U.S. cities are struggling to dig out of the recession, facing budget shortfalls, tabled growth plans and political infighting, but the City of Orlando is in the midst of an economic renaissance marked by thousands of new jobs and hundreds of millions of dollars in new projects opening or under way.

These major developments are aimed squarely at diversifying and bolstering the commercial, residential and cultural landscape of Downtown Orlando and the city overall. And they are being fueled by an unprecedented collaboration between government and private industry. The common objective: position Orlando as a leader in the nation’s recovery and create the next generation of careers.
 
Here are the hard facts:
 
• The 875,000-square-foot Amway Center is not only the NBA’s “greenest” and most technologically advanced arena as home to the Orlando Magic, but it has put thousands of people to work and continues to be a critical source of jobs and revenue for a multitude of businesses that otherwise might have closed during the ongoing economic slump.
 
• Just a few blocks away, work is under way on a distinctive, nine-acre complex that will include three unique theaters and accommodate Broadway productions, concerts, the symphony, opera and ballet as well as educational facilities. Through the first year of operation, the Dr. Phillips Center for the Performing Arts is expected to generate 4,000 jobs and have an economic impact reaching $240 million.
 
• Orlando already is home to one of the nation’s largest digital-media and simulation clusters, so it’s only natural that city leaders are steaming ahead with plans to redevelop a large swath of Downtown for a visionary project called Creative Village. This is a place where creative and educational businesses and organizations will converge, spawning the next generation of careers and becoming home – literally – to thousands more residents and workers accounting for $300 million-plus in wages.
 
• The fourth – and most significant – component of Downtown Orlando’s revival is a $615 million commuter rail line, SunRail, that will link with the nation’s first high-speed rail. This will create a transit hub not just for Central Florida but for the entire state, fueling – and supporting – growth from Florida’s west coast to the east. Combined economic impact: $10.9 billion by 2035.
 
Source: www.downtownorlando.com
  • buy papers - April 18, 2016 4:09 AM

    It's showing signs of improvement, however it would be better if the economy became speedier. Orlando development has been certain for as far back as two years.

  • celine outlet uk - April 28, 2016 12:50 AM

    The best replica handbags and watches shop online here, welcome!

  • replica handbags - April 28, 2016 12:52 AM

    The best replica handbags and watches shop online here, welcome!

    • dissertation service - August 15, 2017 11:08 PM

      It displays signs of improvement, but if the economy gets faster, it will be better. Orlando's development has been established for a long time.

    • dissertation service - August 15, 2017 11:09 PM

      It displays signs of improvement, but if the economy gets faster, it will be better. Orlando's development has been established for a long time.

  • dissertation writing service - May 5, 2016 11:53 AM

    Lifelong learning can upgrade our comprehension of our general surroundings, furnish us with progressively and better open doors and enhance our nature of life. The learners are roused to learn and create on the grounds that they need to: it is a planned and intentional act.

  • Dissertation Writing Help - November 19, 2016 1:50 AM

    Thank you very much for sharing a proper post to understand current economic situation and upcoming situation. It will help me to write my finance dissertation.

  • Harrison Raynolds - December 9, 2016 2:14 AM

    Such a good website i found.I liked it the most.Keep it up.

  • Harrison Raynolds - December 9, 2016 2:38 AM

    Such a good website i found.I liked it the most.Keep it up.

  • Pro essay writing - March 28, 2017 4:11 AM

    Cool, just got back from Orlando. Never knew this city could become the next economic hub.

  • PingPlotter Pro Keygen - August 12, 2017 5:02 AM

    Such intelligent work on the subject and ideal way of writing here. I am really impressed! This post is a helpful overview of the particular topic and very actionable. Interesting approach!

  • assignment help uk - August 18, 2017 4:22 AM

    Never been to Orlando but I am sure its a great place and a booming economy and I am hopeful for a better future there.Good luck everyone!

  • assignment writing services - November 24, 2017 4:19 AM

    Before this downtown Orlando City map, I have seen countless maps of different cities but their economic future yet to change... Well!! What I said is the truth you can confirmed it..

  • international relations assignments help - November 28, 2017 2:02 AM

    Downtown Houston maps out the future of these people with the help of their peers and makes it really agile and simple for them to create the right results.

Add a comment