Are Art Basel's Disruptions Still Worth It For Miami?
This is a daily micropodcast about the South Florida real estate market by expert Peter Zalewski of the Miami Condo Investing Club™.
The Miami Condo Minute™ is a micropodcast about the South Florida region of Miami-Dade, Broward and Palm Beach published on weekdays.
(GREATER DOWNTOWN MIAMI - Dec. 6, 2024) In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - weighs the disruptions versus the benefits of the Art Basel festival that attracts 80,000 attendees to Miami every December for the last two decades.
Zalewski discusses the growth and transformation of Miami since Art Basel's inception in 2002, including changes in population, median household income, and housing prices.
He questions whether the disruptions caused by the festival are justified, exploring the economic benefits and inconveniences faced by locals.
Zalewski highlights the increased cost of living and logistical headaches stemming from the event and asks listeners to consider if the pampering of art collectors during Art Basel is truly worthwhile.
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Podcast Timeline:
00:00 Introduction to Miami Condo Minute
00:29 What is Art Basel?
01:46 The Impact of Art Basel on Miami
04:01 Is Art Basel Worth the Disruptions?
06:48 Conclusion and Final Thoughts
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