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…
One of the posh events of the year on this northeast Florida resort barrier island is held in March, the Amelia Island Concours d’Elegance. Picture in your mind lush green golf fairways of Summer Beach, lined with millions of dollars worth of gleaming, glitzy collector automobiles, dubbed the “Field of Dreams.” The backdrop is the ocean […]
Growing Brussels Sprouts and grapefruit in northeast Florida. Read the latest Florida gardening tips from Nassau County, Florida horticultural agent.
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.