Miami Could Replace New York As World’s Financial Center, Ken Griffin Says

Miami could become the financial capital of the world, according to billionaire Ken Griffin.

Griffin made his remarks in an interview with Bloomberg.

“We’ll see how big Wall Street South becomes,” Griffin said.

“Miami I think represents the future of America.” Griffin added. “Incredibly vibrant economy.”

He also praised local governments relative to other parts of the country, “particularly at the county and state levels.”

Griffin, who is the founder of Citadel, moved his company from Chicago to Miami last year.

He is planning a headquarters tower in Brickell expected to cost of over $1 billion, and has already made major philanthropic contributions here.

In the future, New York could be referred to as Brickell north after it is overtaken by Miami, Griffin said.

 

 

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Anonymous
17 days ago

So when are we getting public transportation like NY?

Robert
17 days ago

And the huge losses and increased bureaucracy that come with it? No thanks, let the private sector solve transit issues with smart cars

Anonymous
17 days ago

These peeps want free rides paid for by “someone else besides themselves”. Smart cars, well they’ll have to take out a loan for those, and that means less Eataly trips and Walmart over Trader Joe’s.

Anonymous
17 days ago

Public investment in infrastructure is not “free rides”, I’d be so happy if my tax dollars funded elevated rail that goes all over Miami vs another highway lane expansion and empty parking lot.

Anonymous
17 days ago

Metromover transit is 100% subsidized. Car travel is nowhere near that level of subsidy.

Anonymous
17 days ago

Where’s that genius who compared Metromoober to the NYC subway?

Anon
17 days ago

The metro mover is better than the NYC subway. No homeless, no feces, no rats, and it has beautiful views of the water and city.

Anon
16 days ago

Youre so right. Car travel (39% of federal transporation spending) recieves more subsidies per year compared to transit (28% of federal transporation spending). Just cause you bought your car from Ford doesnt mean Ford paved the road you use to get to work. To say nothing of the bureaucracy that surrounds highway spending and planning and the hidden costs of that infrastructure. You likely dont pay a toll everytime you leave your house.

Anon
16 days ago

^^federal gas taxes pay for highways/interstates, and local roads are paid thru local taxes. Everyone benefits from roads. Few benefit from public transit. Just because you take the bus to the local library to post jibberish does not mean you don’t benefit from roads. The bus drve on that road, and when you pass out or are getting beaten the cops and rescue get to you by roads, bot by public transit.

Al Czervik
14 days ago

So Wrong.
#1. It is not “Car Travel”. It is Highway spending. It is disingenuous to conflate the two.

The Interstate Freeway system was built to promote commerce and trucking. It is an added benefit that 18-Wheelers, School Buses, Concrete Mixer Trucks, ambulances, fire trucks, cars, and military vehicles can all mobilize on the same highways and freeways to make our quality of life so incredible.
For every driver (or at least any of the aforementioned vehicles that use fuel), there are taxes on that fuel. Most of those taxes are confiscated at the gas pump from individuals, and then sent to the Federal Government to redistribute.

When you enjoy that Trader Joe’s Pinot, home crafted with grapes crushed with real hippy feet, and a chunk of Humboldt Fog, you can bet that those goods didn’t arrive on any MetroMover.

When you call an ambulance for you or a loved one, they aren’t taking the MetroMover or a bus.

#2. Only a small portion of INCOME taxes that an individual pays, goes to the Federal Gov’t. for highways.

The Federal taxes used for Highways are confiscated at the pump.
It is an EXCISE Tax.

The current federal tax rate for gasoline is 18.4 cents per gallon, and it has been unchanged since 1993. The federal tax on diesel fuel is 33% higher, at 24.4 cents per gallon.

Meaning, the more you buy fuel (presumably, the more you use the freeways/highways) the more in taxes you will pay for maintaining what you use. Seems fair. It is like paying the fare for using the highways.

In addition to the FEDERAL Taxes, States and local government can add even more taxes to their gasoline. Nationwide, the averages are total US volume-weighted average fuel tax is 52.64 cents per gallon for gas and 60.29 cents per gallon for diesel. (Source – cursory Bard search).

Unlike the MetroMover, all drivers pay a toll at the gas pump for the transportation that they use.

#3. To compare initial capital expenditures (not the costs of day to day operations and maintenance), it is noting that no one is forcing anyone else to pay for a car….unless that car is the MetroMover.

A Bombardier Innovia APM 100 (MetroMover Car) is estimated to cost between $1-2M dollars for one car.
Added expenses included Testing/Certification est. $100,000 to $200,000 and $50-100,000 for delivery.
Just call it $1M.

If you are so inclined to buy a very nice Ford: the top-of-the-line Platinum MAX trim Ford Expedition starts at $85,815.
Testing and Certification is baked in.
Delivery fee is about $1,500 which is much less than Bombardier!

Further, the individual purchaser will pay 6.0 % in Florida Sales Tax and a bonus 1% Sales Tax in Miami-Dade County.
Why an additional $850 tax on your Ford Expedition just because you bought in in Miami-Dade County instead of Broward County?
Because, Miami-Dade County has a discretionary sales surtax, approved by voters in 2016. This discretionary sales surtax was to provide funding for mass transit and transportation-related expenses.

So….even though you are an individual who bought a Ford in Miami Dade County, you are paying $850 (extra. on top of the 6%=$5,100 sales tax) for the WE NEEDS to band together and champion ideas that other people will have to pay for.

This may not be compelling enough for the WE NEEDS who think it makes sense to force all local tax payers to purchase a 2.5 mile Metromover to Edgewater, but I hope that as the WE NEEDS grow up, they learn the difference between a Want and a Need, and also learn that politicians who do not want to spend $3Billion dollars on a short MetroMover extension that benefits very few people are stupid or dumb, or necessarily corrupt.

Given the cost of transportation, it is more logical to assume that the champions of multi billion dollar projects and the stewards of that extra 1% Miami-Dade Sales taxes just might be the corrupt ones.

Anonymous
17 days ago

And bike lanes and parks and more lush landscaping, attention to public streetscapes in the core

Al Czervik
17 days ago

You say that.
However, if you knew what the capital expenditures to acquire land and the building infrastructure cost, PLUS the ANNUAL Operating Expense to run the system and repair the system all divided by the number of historical riders and that dollar amount was the amount of the ticket, no intelligent person would ever pay that fare.

Anon
17 days ago

Make it so that every nice area is planned around a metro mover, and people will use it!

Anonymous
17 days ago

#1 He’s not an intelligent person
#2 He clings to the hope that Someone Else will pay for his rides around town so he can focus on spending his hard earned money on Whole Foods and Starbucks runs instead of Kia payments.

Gloria Stepon
17 days ago

Are you taking free rides on the highway? LOL

Gloria LOLSteppedinit
17 days ago

No I pay for it thru my paying federal income taxes and local property taxes LOL.

Al Czervik
17 days ago

LOL.
You don’t get it.
LOL.
Literally.
Let’s Goooooo

Al Czervik
17 days ago

No.
If you would would do a 5th graders’ amount of research on the topic before LOLing, you would know that every single gallon of gasoline sold in the USA has a Tax that goes to pay for Highways.

This makes sense.
Gas guzzler’s pay more for the highways than do little Prius’ that get 60 MPH,

The Semi-Trucks that transport food to your local Publix Store also pay the fuel tax.

Ironically, the mouth breathers interested in providing a $7,500 tax credit for electric cars do not consider that electric cars are draining the grid AND not paying for the Interstate Highway System.

Even though I have posted it here…they still will not get it….and they still will not understand.

Anonymous
17 days ago

They don’t want to understand even if they were capable of understanding. It interferes with their quest for handouts.

Donald Duck
16 days ago

MAGA says what?

Anonymous
17 days ago

WHEN DO WE GET A TRADER JOES or WHOLE FOODS in Brickell?

Anonymous
17 days ago

WE GET

Anonymous
17 days ago

Can we get landscaped bike paths along the river like we see in the Underline? And we need to drop the wires on 2nd Ave and add cross walks, we need better pedestrian designs throughout all parts of Brickell.

Anonymous
17 days ago

WE GET, WE NEED

Anonymous
17 days ago

Yes we paid for it

Al Czervik
17 days ago

If you are under 30 years old, you are likely a NET consumer, not a NET producer.

If you have not been Adulting for more decades than your mother has been feeding you and doing your laundry, you are not a producer.

Anon
17 days ago

We are over 30! And we own and have businesses, cobble stone the streets, drop the lines and add cross walks with traffic signals

Anonymous
17 days ago

WE ARE……..doing freelance web work on the side isn’t really being a business owner

Al Czervik
14 days ago

Are you in the Cobblestone sales business?

Please let me know the best time of the day to check it out….you know, when the lines aren’t too long to place an order.

Anonymous
17 days ago

WE PAID…..NOT!

Al Czervik
17 days ago

Go make it happen.

Al Czervik
14 days ago

It may be informative to learn that the Underline was initiated, championed, and realized by a woman who wanted to make a difference, and got off her derrier to do so.
While a significant number so whiners think WE NEED this or WE NEED that, they take no action, spend little intellectual capital to make a thing happen.

A middle aged woman can get WAAAAYYYY more done than a young kid posting in the comments section.

The Underline is a great example of a Producer making things happen when the Parasites NEED everything done for them.
Let’s hope the Producers do not give up and continue to make things happen as the Parasites try to suck the blood and soul out of the Producers.

Basic stuff here guys
17 days ago

Do you know how taxes / infrastructure work…?

Anonymous
17 days ago

yeah. do you…?

Obvious
17 days ago

Smart cars get stuck in traffic. It’s dumb. Just improve the train systems and stations and invest in landscaping and cleaning up the neighborhoods that have stops

uninsured_betch
12 days ago

bb we alerady paying for someone else besides themselves IN THE FORM OF INSURANCE BECAUSE SO MANY DRIVERS ARE UNINSURED

Anonymous
17 days ago

I’d rather have a system as imperfect as NY’s is vs. the tiny almost nonexistent system we have now. Smart cars won’t solve traffic the same way Uber/Lyft didn’t solve it. You need to give people options to not have to use a car when they don’t really need to.

Al Czervik
17 days ago

Maybe I don’t understand what you are saying…but you want a 1904 transportation system?
For anyone who wants to think about this….How much would the NYC Subway system cost in 2023 dollars?

Assuming that there are not many WE NEEDS who would do the work, I asked one of your Mother’s to do the work for WE.

“Based on the cost of similar projects in other cities, it is estimated that building a new subway system in New York City today would cost between $200 million and $1 billion per mile.

For example, the Second Avenue Subway, which was completed in 2017, cost approximately $2.5 billion per mile to build. This was significantly higher than the cost of building subway systems in other cities, such as London and Paris, which typically cost between $200 million and $500 million per mile. The high cost of the Second Avenue Subway was attributed to a number of factors, including the need to build deep tunnels under densely populated areas and the use of advanced safety and security measures.” – Bard

Anon
16 days ago

This comment is idiotic.

Dromeas
17 days ago

Small minded people don’t let miami to be a world city. To be a world financial center means that attract people to work in a city culturally developed.

Anonymous
17 days ago

The small, minded people have moved away from Miami THANKfully!

Anonymous
17 days ago

…and culturally developed doesn’t mean Miami Heat games and taco trucks.

Dromeas
17 days ago

when we stop considering dinner in a fancy restaurant as a cultural event, we get closer to becoming a true world city.

Anon
17 days ago

The fancy restaurants aren’t even good! Just give us interesting casual spots and free cultural festivals.

Anon
15 days ago

Lol… which ones ? there are so many good ones

Al Czervik
17 days ago

Clearly, you are not on the same Art Basel lists that I’m on.

There are 100’s of Hedge Funds, Private Equity funds, Real Estate funds, and private Banks all offering up private Art Basel themed tours, excursions, and events with International Artists.

Maybe, you have never heard of Basel.

Anon
17 days ago

What’s culturally developed? A nicks game and spong Bob musical and red lobster dinner? NYC is a corporate joke and dirty dirty

Curious Cat
16 days ago

This guy clearly hasn’t been anywhere nice in NYC lol. Thats like comparing a night out at Bayfront Park, then Ocean Drive, then a Marlins game.

Engineer
16 days ago

Bruh, it’s the Knicks not the “nicks” and Sponge Bob not “spong”.

Anon
16 days ago

Lets park on the sidewalk! Now thats culture!

Al Czervik
17 days ago

Ummm…..did you read the article referenced above?
You are posting that opposite of what the news is…

Anonymous
17 days ago

We already have amazing public transportation Bro. Sorry you decided to invest outside the core, where it’s thriving!

Anonymous
17 days ago

The bureaucracy didn’t build NYC’s transit. A competant government partnered with private industry did, over 100 years ago.

Anon
17 days ago

I’d love a city website that actually has up to date information. There’s a balance where you need some level of beurocracy or you just get chaos which is what we are fixing now

chivalrous
17 days ago

Cavalier!

After rebuilding Financial District on Biscayne completely in which could including usage of additional rebuilt buildings with Train Station expansion on 8th Street for added bus terminals serving consumers at Downtown Supercenters and Outlets too!

Anonymous
17 days ago

Rezone Riverside and Little Havana so it can be a nice enclave near Brickell

Anonymous
17 days ago

We want more outlet malls in Miami!

Anonymous
17 days ago

WE WANT

Al Czervik
14 days ago

It’s an improvement on “WE NEED”.

Anonymous
17 days ago

Yes, buy a used Cavalier. Have mom co-sign.

Archer Joby
17 days ago

No. I rather the air taxis that are on their way.

Anonymous
17 days ago

We already have one of the best public transportation systems in the country! Quit moving and trying to make Wynwood a part of the city. Just move to one of the huge growing metro stops in the Miami core!

Anon
17 days ago

You do understand people have lives outside of the urban core?

Anonymous
17 days ago

You understand that people live outside of NYC, including doctors and lawyers, and take the busses to work.

Anon
16 days ago

They take Metronorth. A train.

Anonymous
16 days ago

Like our Brightline / WPB = Connecticut and Westchester or the Hamptons

Anonymous
17 days ago

One and a half Metrorail lines and something comparable to an airport APM full of homeless are the best public transportation systems in the country? You know, there are other cities in the county other than Miami and NYC.

Al Czervik
17 days ago

We?
Why would “WE” be envious of a 1904 subway system?
Is 1904 technology the future?
Or are “WE” just being intellectually lazy?

Anon
17 days ago

Love Miami, but this is literally pathological nonsense. It takes a LONG time to institute the depth of institutional presence to be a world leading financial center. Miami doesn’t have any of the strategy or acumen to get there whatsoever and THAT IS OK. Miami can become a more advanced city and not say stupid things like this.

Anonymous
17 days ago

miami always had a strong financial sector (all the money gets clean up here) and 2nd largest concentration of Banking outside ny since before covid.

Curious Cat
16 days ago

Can you reply with a link where you saw that? I’d be very surprised Miami is #2 over LA, Charlotte, Dallas, etc.

Javanka
16 days ago

These people don’t even know cities like Charlotte exist.

Anonymous
16 days ago

Thats not a city – it’s a fly over suburb

Al Czervik
17 days ago

Just because you do not KNOW about the strategy, does not mean that it does not exist.

Of course, you may be smarter than Ken Griffin. Maybe his $250m + investment was based on a wild guess.

I know about NAPs, technology, airports, taxes, and quality of life, and I know about the 30 Year Master plan. It is safe to say that Ken Griffin and his people were also appraised of this information.

Anon
17 days ago

Miami is more advanced and starting from a more collaborative and futuristic perspective. NYC is cemented in a failing system

Anonymous
17 days ago

The trend is our friend…keep up the good word Ken!

Anonymous
17 days ago

Brickell is so much nicer than “Brickell north”!

Anon
17 days ago

Brickell was a hole 10 years ago. 10 years from now there will be “Brickells” all over Miami. Sorry – did you think you were special?

Anonymous
17 days ago

They will all be around the Metro Mover stops and connected to the financial district in Brickell Miami. Everywhere else is outside the core!

Anonymous
17 days ago

So with your logic, if we extend the Metromover miles away because you want to frequent somewhere without paying a fee, it’s the core?

name
17 days ago

Certainly, similar to how Queens and Brooklyn are integral parts of the NYC core, Connecticut and South Jersey function as suburbs outside the core.

Anonymous
16 days ago

Is Broward our Jersey?

Anonymous
16 days ago

Edgwater is Jersey City

Anon
16 days ago

I’m sorry – did you think all of Miami was just that small neighborhood south of Downtown?

Anonymous
17 days ago

In 10 years Brickell will be in another league from Brickell today

Al Czervik
17 days ago

That is a lie.

Anon
17 days ago

Can’t you tell? We got a flood of comments from outside Miami, because they feel threatened. They can’t cope with the fact that Miami is posed to rise to no 1. Boo hoo, they had their moment lol

Anon
13 days ago

put down your pompoms

Anonymous
17 days ago

New York City is the world’s richest city with a GDP of over two trillion dollars, and has been , and it will be the world’s financial center for a long time to come. Just look at its ever expanding impressive skyline, like Hudson Yards, the new JP Morgan (270 Park Avenue) headquarters, Brooklyn Tower, and more than a dozen supertalls recently completed, or U/C.

However, I’m very happy with Miami being the second most important financial center in the United States. That’s in it self a very impressive task.

Ray
17 days ago

Miami isn’t even in the top 3 unfortunately

Anon
17 days ago

Miami is nowhere #2. Crap like this (and with 28 upvotes–all legit of course) is why this is the only forum left in all of cyberspace that doesn’t require registration.

Anonymous
16 days ago

Hudson Yards style development is happening all along the abandoned boat yards and our linear park Underline rivals the Highline.

Anonymous
16 days ago

Miami has better Hudson Yards level development

Anonymous
16 days ago

I now realize why we have so many troll comments on TNM 😂 from downtow we to covert the podiums, they’re all outsiders trying to sabotage Miami growth. Don’t believe all the troll comments anymore.

Aurélien
17 days ago

I really love Miami. I think it is an amazing place but let’s be honest, New York has always been, and will always be, New York :the world financial centre.

Downtowner
17 days ago

Couldn’t agree more. Griffin’s assertion is laughable.

Anon
17 days ago

Downtowner, or remote NY nomad? I’ll welcome all the NyErs who move here and contribute to our growing economy, but these remote Nyers who exploit us for low taxes and resources and aren’t here to help Miami become no 1 should rethink their choices!

Anonymous
17 days ago

His firm is/was based in Chicago anyway.

Name*
17 days ago

Maybe he’s never seen NYC. Chicago is much smaller and it’s more reasonable to put Miami in that league but not New York.

Anon
17 days ago

Miami has already replaced NYC. Never going back!

Ray
17 days ago

What?!? 😂

Dave
17 days ago

Miami or nowhere!

Anonymous
17 days ago

WE SEE HALF THE COMMENTERS ARE NYC DISRUPTERS! Your city sucks, and everyone is moving here, including me and all my friends who lived in NYC for our early careers and see the oppression and corrupt foolery there.

Curious Cat
16 days ago

Ur clearly far right lol

Anonymous
16 days ago

I’m in the Middle, which is why I like Miami. NYC is for extreme right and left

Al Czervik
17 days ago

#1. I love NY.
#2. It has NOT always been the financial center. Do a little research. Nantucket, MA can lay claim to that title among others.
#3. There is no guarantee that NYC will always be the world financial center.

Anon
17 days ago

A world financial centre where nobody wants to go? They can zoom into NYC – they want to be based in Miami

Gloria Stepon
17 days ago

Miami isn’t even #13 in the USA currently for metro area GDP, how is it all of a sudden going to get New York City’s stock market, banks, financial institutions, and talent???? This is obviously a fluff article.

Tony
17 days ago

an uneducated person said that

Anonymous
17 days ago

Yeah, every “Miami winning” blowhard on here.

Miami = USA Financial Capital
17 days ago

New World Order 2024 ✌️

Taxed out
17 days ago

This type of article is the equivalent of click-bait on this site.

Anonymous
17 days ago

I wish he could help help elect honest city politicians. We must get rid of the Joe Carollos in city government !

Anon
17 days ago

Ken Griffin for District 3 Commissioner!

Regina
17 days ago

Gretchen, stop trying to make fetch happen! It’s not going to happen!

Anonymous
17 days ago

It already happened! Quit trying to compete with Miami, NYC is on the way down.

Anon
17 days ago

Just a quick reminder that the GDP of FLORIDA is 1.2 trillion, the GDP of NYC is 2 trillion.

Anonymous
17 days ago

Put the trend lines on a graph. My guess is 2040 at the latest. Florida winning.

Anonymous
17 days ago

you are a really bad guesser

Debbie Downer
17 days ago

17 years is a long trend.
Where are the people who generate that GDP going to live? Where will their water come from? How will they get around? Where will their garbage and sewer go?
Constraints may flatten the curve.

Anonymous
17 days ago

By 2040, with the rate things are going, hopefully the U.S. splits apart a la Diocletian’s Roman Empire.

Anon
17 days ago

Ruska entered the chat.

Vault Dweller
15 days ago

New California Republic will dominate

Al Czervik
17 days ago

Man…I was going to post something like that.

NYC is the king. For now.

Watch the trend. The population of Florida was NOT in the top half of 50 states in 1958. It surpassed the population of New York in 2016.
https://www.youtube.com/watch?v=o1haUcCF4lY

anonymous
17 days ago

yeah of which 90% are financial derivatives from Wall street.

Name
17 days ago

Wow so Florida has already almost surpassed NYC! MIAMI WINNING!

Let’s be real
17 days ago

Lol that’s just not possible. I love to see Miami grow but there’s just no way Miami could replace NYC. The entire state of Florida can’t even replace NYC

Bye Old York
17 days ago

It already did.

Park Slope
17 days ago

Please stop ! He can say anything and of course these mofos on here eat it up because a billionaire says so . Sure, yeh, and I think I overheard Mugdosh Vincenheimer say the Catholic church is considering moving the Vatican to Miami, not to mention there is serious conversation about consolidating fashion industry from Milan and Paris and moving THAT to Miami. These new-to-everything-recents on here are now experiencing gasms.

Andrew
17 days ago

Ken Griffin said that only because he moved his offices to Miami.

Doubt
17 days ago

Yea I can see why the guy who moved here to take advantage of tax incentives and nice weather, who has already made over $1B in real estate plays, has developed strong relationship with local government, but is struggling to convince his own people to move, would want this to be true.

Dromeas
17 days ago

Ken built some theaters, some concert halls, more museums, better schools and universities and maybe your people will move down here.

Anonymous
17 days ago

People don’t move for that fluff. They mover for either higher pay and/or lower living costs. Some will take into consideration the weather and taxes, but jobs and living costs rule relocation decisions for most people.

Anon
17 days ago

No this person is right. They move for low taxes and better quality of life, they STAY for better parks, infrastructure, schools museums and cultural event

Anonymous
17 days ago

You’re full of it—people stay because they’re making a nice living, and will move again when they find better paying work and/or cheaper housing.

Taxed out
17 days ago

We have hundreds of years of catching up to do. By then we’ll be Atlantis and capital markets will have moved on.

Anonymous
17 days ago

Miami Winning!

Tony
17 days ago

Not by a long shot in comparison to NYC

Anon
17 days ago

All the people I know who stayed in NYC say it’s “back in the worst way” crowds, crime, high rent prices and nothing authentic or good like it was 10 years ago. They’re planning to move to Miami now

Anonymous
17 days ago

Not tryna be snarky but I’m genuineley curious, what’s the benefit of having these companies in miami, all I’m seeing is a crazy rate of inflation crippling young people tryna break into the market, and a workforce from cali and ny taking all the jobs promised to locals

Anon
16 days ago

so move to Palm Bay…plenty of 275k single family homes there and most jobs pay the same as here. Why bang your head against a brick wall trying to make 65k/yr work in Miami? Losing battle.

Philo
17 days ago

In the 18th century, only a lunatic would’ve bet on NYC becoming globally preeminent much less the center of global finance. And yet here we have a bunch clairvoyants confidently making proclamations about the future.

Mary Gilbeaux
17 days ago

I think Kenny here is trying to drum up some galvanization of our incompetent local politicians to see how many more tax breaks he can get with a statement like this. NYC is the center of the UNIVERSE, especially as it pertains to finance and market making.

Bye Old York
17 days ago

New Yorkers are delusional. It’s a big lie that it’s center of universe and the pandemic exposed that. People cleared out in a second and saw the greed and corruption behind the brainwashing.

Donald Duck
16 days ago

Sure Jan

Anonymous
16 days ago

Nobody wants a central economic center solely in NYC – it makes America economy vulnerable. USA is moving to diversify its big cities so there are multiple directions for people to succeed.

Anonymous
17 days ago

Overhyping Miami ?? He’ll fit right in!

Anonymous
17 days ago

easy there Ken

Anonymous
17 days ago

That is not happening anytime soon. It would be great but unrealistic

Cover the Podiums
17 days ago

yeah sure…in 100 years

Anon
17 days ago

More like 5

Name*
17 days ago

In 100 years we’ll cover the podiums with water.

Anon
17 days ago

Lol the nyc subway will be submerged and Miami will be the only city built to with stain sea level rise. Miami is the future!

Anonymous
17 days ago

Honestly, he is right! The biggest HQs are moving to Miami and it’s so much better situated to be the center of America than failing old and corrupt NYC

Anonymous
17 days ago

😜👌🤣

QuePasaUSA
17 days ago

Seriously?

Taxed out
17 days ago

New York is so big Amazon selected it for HQ2 and the residents said “no thanks”. Miami can dream of that kind of clout.

Curious Cat
16 days ago

Name them please. Name one single HQ that has moved here besides Citadel and some tech companies. Every single bank is just opening a satellite office that’s primarily LATAM wealth management. Blackrock, Blackstone, Vanguard are all back-office and Wealth Management.

You seem like the type of person that reads mostly headlines and blabs them out.

Anonymous
16 days ago

Amazon is relocating one of their companies. Perry Ellis, Restaurant Brands International, many big law firms, Royal Caribbean, – Miami is not only a Latam outpost, it is primarily the center of USA commerce.

Anon
16 days ago

because of Perry Ellis LMGDMFAO

Vault Dweller
15 days ago

the law firms are opening Satellite offices. No major law firm is moving their HQ here, not even Greenberg Traurig, which was founded in Miami

Anonymous
16 days ago

You know why Ken said this… because he’s a businessman. You need to spew nonsense in business so someone takes the bite and your business investment isn’t undervalued. While I appreciate the Citadel move from Chicago to Miami, as it will provide lots of jobs and financial institutionalization for the city, it doesn’t mean Miami is suddenly “Wall Street.” It will take at least a few decades for this city to even look like those in the Northeast, probably because we don’t have the proper academic capital, have a lackluster transportation network, don’t have a supported cultural + arts scene, and the political instability is extremely unappealing.
Once the government can learn to invest in universities like UM + FIU (and not in just hospitality, but law, business, and medicine), create a functioning and affordable metro system, invest in cultural buildings (like Museums, besides just the Perez + Frost, that don’t cost $40 to get into), then maybe we have a shot of attracting middle and upper class families that will stay to live and work white collar jobs.
Miami has great potential, especially as a world-class city with extreme cultural diversity and a strategic location. Let’s hope our government doesn’t mess it up.

Anonymous
16 days ago

Why does the Miami government need to do these things? It wasn’t the New York City government that made NYC great. It was the businesses and philanthropists. If anything, the NYC government often screws things up.

Jimmy Carter
16 days ago

Very few Citadel employees want to move to Miami, which is why Ken is building a 1,350’ new tower on Park Ave.

Anon
16 days ago

The upper level employees will make the move. The lower level peeps will stay in Chitown and find another paper pushing job.

Anon
16 days ago

Why would “the government” invest in UM? It’s a private university.

Most folks don’t give a real hoot about museums and public transit. They care about job pay and housing affordability.

Anonymous
17 days ago

“World” is a stretch. His company is one thing, but when every relocation is only LaAm operations, not really “world.”

Anon
17 days ago

Miami is not just LaAm most people speak English and it’s becoming more of a USA focused capital for all cultures

Nah
17 days ago

We need more American jobs. Most people here are from NY NJ Chicago Austin and Cali

Anon
17 days ago

I’ve lived here for all my 50 years and have never met a single person that relocated here from Austin, and only a handful have been from Cali. Most are from Latin American countries–by far.

Anonymous
16 days ago

We have embassies from all over the world! This is such a dumb stereotype about Miami and it’s not true. Miami is a melting pot from all over and everyone speaks English.

Anon
16 days ago

everyone speaks English in Miami LMFAO yeah don’t blow your cover as a brainless Miami cheerleader

H Kissinger
17 days ago

This is utterly absurd.

Big BP
15 days ago

What a stupid article, who writes this crap?

Lets do it differently
14 days ago

Instead of just depending like plebeians for the scraps that the public sector throws at us.. Let unleash the private sector and let them compete for a better public transit product at the lowest possible price, like you should inside a free market capitalist society.

Dale
17 days ago

Lot of big talk from Ken since it seems he’s dithering on his own highly-touted tower.

Mayor of Brickell
16 days ago

Think 30-40 years out, its worth pursuing. NYC is a fucking gross pit.