Miami real estate soared, plunged under Diaz

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Outgoing Miami Mayor Manny Diaz oversaw a huge boom in the city’s development, and put ambitious plans for the future in place. But the subsequent collapse of the construction industry and plunge in the real estate market casts a shadow on his major achievements. Those include prodding developers to create a new urban neighborhood, Midtown Miami; and the successful, though bitterly debated, push for a new baseball stadium, a new downtown park and museums, and a port tunnel in his second term. He also revived a historic-preservation program, creating several new historic districts and protecting modern architectural landmarks like the Bacardi buildings. [Miami Herald]

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