As the Mayor of Miami put it, “the world’s most popular sport is coming to the world’s hottest city.” On Wednesday, Beckham announced that he is exercising his option to purchase a soccer franchise, and he plans to do so in Miami. As previously mentioned, this is amazing news for Miami for so many reasons. Miami residents and the RE/MAX Paradise team aren’t the only ones eagerly anticipating the arrival of a Major League Soccer team in this beautiful city. Across the ocean, even the Daily Mirror in the U.K. has commented on the buzz surrounding this exciting development for Miami, reinforcing the city’s status as one of the top international destinations.
Beckham and his investors still need to secure a location for the stadium, and it appears that the Port of Miami remains the most likely contender. Of course, this is great news for current and prospective owners of South Beach real estate and Brickell properties, as well as developers in these two prime locations. The construction of the stadium and the development of residential and commercial real estate around it will add value to the nearby areas and further spur Miami’s already improving job market. In addition to Beckham and his team of wealthy investors injecting their capital into the local economy, their presence and interest in the city will likely attract additional capital from sources around the globe. It is such an exciting time in Miami!
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