Is Lake Nona’s medical and residential development the future of cities–or a unique creation that can’t be replicated?

lak-06-30-14-illo

Lake Nona with 7,000 acres of land adjacent to the airport Ten years ago it was barren. Today it hosts a completely different Orlando, one that may ultimately transform the region as much as Disney World did back in the 1970s.

Already the almost $3 billion (so far) endeavor has created nearly 5,000 permanent, higher-paying jobs, with 25,000 more expected by 2029. Arduin Laffer & Moore Econometrics has estimated that the project’s economic impact could reach $7.6 billion over the next 10 years.

Tavistock Group, a global conglomerate, has created a thriving mini-metropolis there. It’s best known for its “medical city.”

lak-06-30-14-06Joe Lewis, Tavistock Group. Photograph courtesy of Tavistock Group

Lake Nona features state-of-the-art technology. At 78, Lewis is a billionaire, but his enchantment with the Lake Nona project makes him sound like a man a fraction of his age.

So far, 3,000 houses have been built, and a total of 11,000 are planned by 2026. Some 30% of the residents work in the Medical City or at the airport; He may never fully cash in on his investment. But the people who live and work in Lake Nona are already reaping the rewards of it.

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I have been here since this use to look like a ghost town, I am part of the old Sweet Mamas, Only one Publix, Narcoossee two lines only and a lot of animals coming to my backyard (no street cats). This is just the start of a great success community. I hope the plans are smart and we do not destroy the pretty  natural reserves I Love Lake Nnna

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Lake Nona Journal lakenonajournal@yahoo.com 571-217-0099

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