Miami Elites Who Dream of Rebuilding Cuba Fear It’s Too Far Gone

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Miami’s Cuban business elites have time and time again planned for this moment.

After the fall of the Soviet Union and during a brief Washington-Havana détente a decade ago, they hired analysts and economists to draft plans to rebuild their island in the event of regime change. Now that an emboldened US president has pushed Cuba to the brink, it seems tantalizingly close again.

But “the business case that might have been made in the 1990s, or even 2015 — that just doesn’t exist anymore,” said Carlos Saladrigas, the 77-year-old founder of human ...