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Miami’s Luxury Property Market Funds Coastal Resilience through New Development Levies
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Miami’s Luxury Property Market Funds Coastal Resilience through New Development Levies
Miami is introducing a groundbreaking policy that links the boom in luxury real estate directly to the city’s environmental protection efforts. A new ‘Resilience Levy’ has been implemented on all high-value residential developments, with the proceeds going directly into a dedicated fund for sea-level rise defenses and urban cooling infrastructure. This initiative turns the city’s most expensive assets into a primary source of funding for its lon…
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