Miami's Financial District Shuts as Irma Approaches
- Neighborhood emerged as towering wealth hub during past decade
- Waterfront museums closed in anticipation of historic storm
Assessing the Potential Financial Impact of Irma
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Miami’s financial district, sometimes dubbed “the Wall Street of the South,” has largely emptied out before Hurricane Irma strikes Florida.
The skyscrapers around Brickell Avenue house banks and money managers that have drawn clients from across the region and Latin America over the past decade. Built along Biscayne Bay, the area is especially susceptible to storm surge, sometimes flooding even on sunny days. On Thursday, it was added to a mandatory evacuation zone that already included Miami Beach, across the Intracoastal Waterway from Miami proper, and other coastal areas.