I lost this entire weekend to 3 projects breathing down my neck. But good news is that one is done (my part is, at least), one is going to be done tonight, and the other will prolly be done this week. Counting down to graduation on May 5th, but trying to enjoy the time till then
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On a serious note, economics are in their favor. Condos provide a lot of revenue into an otherwise commercially stagnant region. Pensacola has a unique opportunity to expand its tourism industry while not remaining totally dependent on it, like Destin or Perdido. Another way to look at it is that either private homes or condos will take over the island. Because the gulf coast is partiularly susceptible to hurricanes, it is important to consider who is better able to pay for the insurance costs and reconstruction when damage inevitably results. So far we have hundreds of private homes that are wasting away half eaten, 2.5 years after their original damage and there are few signs of their repair/reconstruction. Private homeowners rarely have the money the re-build or continue to insure their homes on the island. Condos do not have these problems. They have the financing behind them to immediately rebuild after damage and continue to pay the rising insurance fees. Regarding the beauty, which is more or an eye sore? A half eaten home which sits in the sand for the remainder of the 99 year private lease or a condo which is up and running?
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