Dividing a City
Real Estate Mega-Speculation and Contention in Miami, Florida
DOI:
https://doi.org/10.12795/astragalo.2021.i29.05Keywords:
gentrification, Miami, displacement, dispossession, mega speculation, corporate real estate hegemonyAbstract
Miami is not a newcomer to the history of gentrification that has reshaped the urban fabric in cities all over the world. Yet a new mega project to be implemented in Miami’s Little Haiti neighborhood represents a strategic capitalist modification of the city’s previous processes of class-based and racialized socio-territorial dispossession and displacement. As we argue in this paper, Little Haiti’s Magic City Innovation District stands emblematic for a global boom in financialized urban corporate accumulation, which presents new challenges to local communities. We ask, what practical political options does a predominantly poor minority community have in confronting such challenges? Our discussion of Miami’s Little Haiti suggests two conclusions: first, that real estate mega speculation potentially exacerbates politico-social divisions within such a community, subverts its capacity for resistance, and renders it more vulnerable to large-scale dispossession and displacement; and second, that mega speculation exacerbates socio-territorial divisions and inequalities within the fabric of a wider metropolis.
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Copyright (c) 2021 Ulrich Oslender, Richard Tardanico
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Accepted 2022-01-04
Published 2022-02-11
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