The FEC Corridor is an economically distressed inner-city redevelopment area consisting of nearly 1400 acres. The corridor is comprised of a mix of industrial, warehouse, commercial and residential uses with a disproportionate share of vacant parcels and underutilized buildings. Most of the neighborhoods within the corridor have double-digit unemployment rates due to the loss of 19,150 jobs in the area between 1980 and 1995. The corridor contains 70% of the city's remaining land zoned for industrial and warehouse uses.
The FEC Corridor is the subject of an on-going redevelopment study initiated by the City of Miami through a Task Force comprised of government officials, business leaders, non-profit community organizations and the real estate development community. The mission of the Task Force is "to identify and facilitate redevelopment opportunities within the corridor by facilitating private sector investment in underutilized areas; stimulating and safeguarding industrial and commercial uses; ensuring compatible land use buffers; improving transportation accessibility; and, enhancing employment opportunities for city residents as well as the overall economic impact on the city, all within the context of creating and preserving a livable community."
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Last
modified 22th of October, 2001 by GIS Lab Administrator