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Orlando's pleasant weather, affordable housing, and location at the center of one of the country's fastest growing markets, have helped make the city a boom town. New residents are drawn by the city's attractive setting among the inland lakes and citrus groves as well as the short drive from the coastal beaches. Growing numbers of manufacturers and distributors have relocated to the city to take advantage of its mushrooming work force, and major attractions like Walt Disney World, Sea World of Florida and Universal Studios Florida bring millions of visitors annually. New industries such as film production and various technologies are adding to the booming local economy.
In recent years attention has shifted to downtown Orlando, where many of the most high-profile projects are taking place in the central city. High-rise offices and apartments are being built, and the city hopes that such projects will accelerate the downtown's evolution to a 24-hour hub of activity for the tens of thousands of newcomers who move to Orlando each year. In the city's northeast corner, Baldwin Park is currently being developed into a self-contained community where some 5,000 people could be living by 2010. In the city's southeast corner, new neighborhoods are taking shape near the ever-growing Orlando International Airport.
The largely undeveloped area is expected to become home to more than 28,000 residents by 2020, with millions of square feet in retail, office, industrial, hotel, and government space also available. Millions of dollars have been spent to revitalize the city's historic, Parramore neighborhood. By 2020, the Central Business District is expected to be a distinct family-oriented portion of downtown Orlando, complete with theaters, galleries, museums, and parks, as well as office and retail space.
