Page 168 - Condos News Today

Since they are directly affected that leaves a lot of others indirectly affected even though there may not be oil on their beaches. for instance, here is what feinberg said about that. >> you have to look at each and every case. there may not be oil on the beach. do you -- are you losing business this year because you cant take charter fishermen out to fish? you cant take a charter boat for sightseeing. you cant go into the marshes of louisiana. oil, physical presence of oil should not and will ...

Not. some are obvious such as fishermen, but others are indirectly affected and may not have oil on their beaches. here is what feinberg said about that. >> we have to look at each and every case. there may not be oil on the beach. are you losing business this year because you cant take charter fishermen out to fish? you cant take a charter boat for sightseeing. you cant go into the marshes of louisiana. oil physical presence of oil should not and will not be the only requirement. >> reporter: t...

Night. were doing three-night specials where some you come and as much as pay for four and get seven nights. and were doing everything we can to get people to come down and stay in our condos but go out to eat, shop in our stores, enjoy the putt-putt, enjoy waterville and the pools. theres so much to do here in the gulf coast. >> yeah, putt-putt is something you do down there. listen, ive got one more question i want to get jay in before we go. jay, you heard ken feinberg, appointed by the presi...

In florida according to your report thus far. thats why the official, buckley, his name, decided to reopen the pensacola beach. how much pressure is there to get revenue going and give people an opportunity to come back to the beaches? >> before this, you know, cancellations are high there, as far as hotels and condos and everything else. its an economic disaster for them. you know, the advertising campaigns, there have been you know the gulf looks inward to try to point out theres plenty of thi...

So our beaches are absolutely beautiful. i can attest to the guys from gulf shores, the cleanup crews are on it and pick it up to make sure there is minimal impact to vacationers. >> tell us what this weekend the 4th of july weekend, this holiday, means to that area as far as money making throughout the year and tourism. >> about half of our tourism revenues come during the months of june, july, and august, but the 4th of july is absolutely the most important weekend we have in our entire travel...

Holiday here, the surf looks very clean today, the beaches have been cleaned up for the most part, a little bit stained, but they are empty for the most part, lack of tourists here because of this oil spill and this is what the residents here and business owners are dealing with in this jewel fourth week. the blue angel -- 18% of revenue earned in the first two weeks of july and certainly a lot of businesses are not seeing those numbers come in at this time. theyve got about 9,000 units here, ho...

The guys that own condos from here to panama city who are totally empty? i just drove down the alabama coast last weekend. three cars in every parking lot. all those condos depend on people renting them out to pay their mortgage. you think we had a housing crisis last week -- last year, how are you going to pay those guys back? how are you going to pay off the maids? there was a story in the paper today. >> this is going to dwarf katrina and katrina was trillions of dollars. the biggest problem ...

>> the $100 million fund is going to last about five weeks if they have to compensate every drill workers salary. going back and forth is going to be classic. i just hate to even predict how horrible its going to be for people to make these kind of claims. but the fact that the administration just thinks, okay, were going to solve this with a bunch of billion dollars reflects a fundamental misunderstanding of how long reaching -- far reaching and long this is going to be. whole economies are goi...

Those homes sold a 27% discount. which means if youre sitting in your house, and your neighbors house just sold in foreclosure at a 27% discount, thats going to affect your neighborhood. so watching these numbers in if places like nevada and florida, its been amazing how cheaply some of these condos are turning up. you know, they built up these big, speculative bubbles and now that bubble has popped and so youre still seeing the fallout from that. second thing i wanted to tell you about is the j...

On "nbc nightly news." brian joins us now from joes hometown of pensacola, florida. and were looking at a lot of problems that folks are dealing with in terms of containment and cleanup. is it a lack of resources thats plaguing the situation there, brian? >> well, mika, good morning. and i was going to say, i come to you live this morning knowing this is some hallowed, white ground to a certain former congressman who is now in a tv studio in new york. >> yes, it is. >> so here we are in pensacol...