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06. 9.10 - Commercial Property Owners Brace For Economic Impact of Gulf Oil Spill

Owners of Hotels, Resorts, Condos and Other Commercial Property Face Pall of Uncertainty -- Just As Economies and Housing Markets of Florida and Other Gulf States Showing Signs of Recovery

With estimates of the economic losses of the Deepwater Horizon oil spill already as much as $11 billion and 200,000 jobs lost in counties along Florida’s Gulf Coast alone, owners of income-generating property throughout Florida, Alabama, and Mississippi face varying degrees of financial exposure to the crisis.

Read entire article here.

Posted by Scott A. Baldwin at 04:11 PM on Wednesday, June 9, 2010