StarTribune cites Earth Economics' Research on the Economics of Displacement in Little Haiti
The Magic City Innovation District (“Magic City”) is a seventeen-acre development slated to be built in the Little Haiti neighborhood of Miami. While the development may attract additional investment and benefits for new residents and businesses that move to the area, there is growing concern about the potential negative environmental and social impacts of the project, including economic displacement of residents who have historically resided and worked in Little Haiti, the majority of whom are low-income families of color.
The article state, “Earth Economics conducted an analysis of Magic City Innovation District's effect on the neighborhood, confirming that more than 3,000 households could be pushed out, with some experiencing a period of homelessness. The group estimates these families would collectively pay over $68 million in relocation expenses.”