Oil Spill Impact to Amelia Island Beaches Negligible

Even if the oil spreads to the Atlantic Coast, the Gulf Stream is 60 miles from Amelia Island shoreline. Therefore, impact to beaches would be negligible, even in worst-case scenario.

Fernandina Beach Harbor: Welcoming Port For Seafaring Visitors

Fernandina Beach is the gateway to Florida on the water for mariners heading south (Atlantic Intracoastal Waterway Mile 716). Westrec Marinas took over marina operations in 2010.

Economic Indicators Point to Recovery, Albeit Slow

Believe it or not, through the headwinds, economic indicators (such as hiring) are pointing toward recovery — albeit at a slow pace. No matter what the talking head on TV tells you.

Silent Government Taxes: “Silence is Golden”

Silence is golden, as the adage goes. For government, it couldn’t be truer — and silence could not be more golden. Lucrative silent taxes are popping up on the federal, state and local levels like blooms on azaleas.

Time to Reduce Nassau County, Florida Property Appraisals

The property appraiser has been quick on the draw to increase valuations while the real estate market soared to new heights. Now it is the appraiser’s responsibility to reduce the values to fall in line with the current marketplace.

Ballooning Debt, Bills Rising Like Helium Balloons, Taxes

If it feels like your monthly electric and food and insurance bills are rising like a helium balloon on a windy day, stay tuned.
The tax man is likely to come knocking next. With a ballooning federal debt and a free-spending government, there is a likelihood of a plethora of tax increases…

Florida Real Estate Valuations Translate to Lower Government Revenues

The impact of a slowing commercial sector has been delayed, as compared with residential real estate. There have been copious reports of the 20 to 40 percent declines in residential real estate values across the country. Another consequence of the economic downturn is not as publicized. It is also related to real estate — and the falling values…

Reprieve From Harshest Wrath of Recession

The local economy has gotten a reprieve from the harshest wrath of the recession. One of the county’s largest employers – the Smurfit Stone Container Corp. mill in Fernandina Beach – has reportedly regained solid financial footing after a sudden slide. The Amelia Island Plantation Company has also sought out the protection of Chapter 11 bankruptcy, attempting to reduce debt and restructure. It is widely expected that the resort company will also be successful in its restructuring efforts.