Public and private projects were undertaken to give a boost to the city and surrounding communities while attracting tourism and new residents.

The syndicator I did acquisitions for  back in the 80s we had a big 200 unit in Stockton I put together.. and they moved in a bunch of folks from Vietnam.. 

Best economy ever there at least in the tourism sector.lower hotel rates in Vegas to me mean more flights more meals more rental cars  more ubers more everything..Maybe I am wrong.. 

Traditionally, beach towns generate money and tourism due to the beach, if polution is such a large concern how would this impact IB?

Some cities have robust traits within the manufacturing sector, urban areas in Florida such as Orlando have a lifeline of steady tourism, and cities such as Seattle have experienced a boom in tech jobs.

In some areas, particularly the West End, this proposal could limit the revitalization of the area by keeping tourism dollars away...IMHO. 

You didn't mention the gulf coast, but relative to the tourism-focused cities on the east & west coasts, our prices can look like a steal.

Probably can't go wrong in either area, though I'd say the Raleigh area is probably your safer investment as it's not really dependent on tourism at all compared to Orlando.If you want more cashflow you'll probably be better with parts of Raleigh or Durham, whereas Morrisville, Apex & Cary tend to be better with appreciation... but it does depend on location, and the particular deal.

Everyone (municipalities included) wants a piece of the tourism pie.  

@Loni Anderson I attended an international real estate convention in Vietnam in September, I was the only banker there as very few lenders can do loans for foreign investors here in US.