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Miami econ development guru raises doubts about value of casinos

The head of Miami-Dade’s economic development agency warned Tuesday that Miami casinos could damage the county’s economy and frustrate efforts to attract more high-paying professional jobs.

Beacon Council President Frank Nero said he wants the community to take a more analytical look at proposals to build a pair of casino resorts in Miami’s urban core, plans which enjoy political support throughout Miami-Dade and in Tallahassee.

With promises to invest up to $3 billion in each project and create thousands of jobs, casino operators from Las Vegas and Malaysia are pitching their projects as economic jolts amid one of the worst hiring markets in South Florida’s history.

But Nero, a veteran of New Jersey politics before coming to Florida, questioned whether the casinos would ultimately help Miami’s economy. More here

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