Miami's Ascent to Financial Hub Stalled by School Shortages, Says Billionaire Sternlicht
Barry Sternlicht highlights a critical gap in private education availability as a major barrier to Miami's transformation into a new financial capital.
- Billionaire Barry Sternlicht identifies insufficient private schools as a key obstacle to attracting top talent and companies to Miami.
- Miami's allure as a low-tax, business-friendly destination has drawn significant corporate relocations, including major firms like Citadel and Goldman Sachs.
- The demand for elite private schools far exceeds supply, with wealthy parents facing long waitlists and resorting to hefty donations for admissions.
- Despite challenges, Sternlicht remains optimistic about Miami's potential, citing its economic cycles and ongoing interest from major investors.
- Relocation of financial powerhouses and high-net-worth individuals to Miami reflects the city's growing stature but underscores the need for enhanced educational infrastructure.
Fortune 
Business Insider 
