March 17, 2014 
admin 
New and growing businesses, falling unemployment rate, and improving real estate development (particularly residential) were all noted during a discussion led by local leaders in the marine, real estate, and cruise sectors of the state. More than 100 members of the business community were on hand to hear about all of the improvements in Broward’s economic climate.
Two key aspects to the continuing growth and future development of the city are transportation and infrastructure business leaders said Thursday during a panel discussion. The All Aboard Florida passenger train between Miami and Orlando, the intermodal railway system at Port Everglades, and the downtown Wave electric streetcar all will play a role in coming years they said. Improvements at Fort Lauderdale-Hollywood International Airport also will have an effect.
“The airport expansion was critical for our industry and is going to be a big driver for not only cruising, but for the hospitality industry,” said Mark Conroy former president of Regent Seven Seas Cruises, told attendees. “The easier it is for people to get in and out, the better for the economy.”
With 21.7 million people expected to cruise globally in 2014—the majority from North America—”the potential is almost unlimited to bring people into South Florida for cruising from all over the world,” Conroy said.
“Home buying is up as well as purchases of second homes, and although inventory is low, it’s starting to loosen up,” said John Castelli, broker and senior partner with Castelli Real Estate Services. “It’s sort of a sellers’ market at the moment, which that hasn’t been for a long time,” said Castelli.
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