Miami-Dade 2040 LRTP - Oct. 23, 2014

Chapter Overview In a December 1, 2013 Wall Street Journal article titled “Overseas Money Pours Into Miami Real Estate”authors Arian Campo-Flores and Conor Dougherty note the booming multi-family real estate market in downtown Miami that, until 2011 lay dormant for the preceding three years. There are currently more than 100 proposed condominium towers in the Miami area, with roughly one third of them already under construction. The sight of cranes rising over the Miami skyline is a sign of robust growth in one of the hardest hit cities, in one of the hardest hit states in the financial crisis of 2007-2008 which led to the Great Recession that gripped the national, and global economy. This renewed economic growth places Miami-Dade County on the world stage as both an international destination and a global hub of commerce, which can only succeed with a proportionate commitment to invest in the County’s infrastructure. It is the purpose of the LRTP to plan that infrastructure investment in preparation for the expected growth. In addition to its being an investment strategy to improve mobility and generate economic activity, the plan is a dynamic and multi-layered process that balances community needs and desires with a technical process that satisfies state and federal requirements. One of the primary challenges is to connect the technical data and process with the public and stakeholder vision in a way that is understandable and mutually agreeable. This challenge often leads to a community and stakeholder outreach effort that is informative and educational for both the planners and community participants. This chapter provides a general description of the plan update process with detailed accounts of the specific methodologies and strategies used. EYES ON THE FUTURE | 3-1 CHAPTER SUBSECTIONS Chapter Overview Federal and State Requirements Community Interface Forecasting Performance Measurement Efficient Transportation Decision Making (ETDM) Plan Update Process “Connecting the Dots”