Page 169 - Condos News Today

Orientation, theres the pensacola beach water tower in the shape of a beach ball, you see all the condos, hotels, very familiar along the sea here, by the way, jimmy buffet chose this week to open his new hotel in pensacola, can you believe the unfortunate timing? again, its all about tourism here. so you wake up in your high-rise, you look down the beach and what you can see is the brown sheen. comes in with the tide. thats all oil. it just warbles up and down the sand. you see the first shift ...

Along the waters edge. lots of oil is buried beneath the sand that washed ashore on the high tide. even in an area like this, you can find oil right here. all you have to do is dig a bit. im cutting into the sand and already im running into thick, dark, oil. there is a lot of it. for the length of this beach. officials say this too will have to be cleaned up. scientists worry this oil could be toxic to wild live and peoples skin and take years to degrade. >> getting it buried in the sand alone m...

You go just a mile toward the condos, away toward the public view and youll find the tar balls are still on the shore there. there are some clean-up grews there, not as many as in this area, so there are still problems here and the biggest of all, at least economically, is that the tourists just arent coming here. they had oil here a couple of weeks ago and now theyve had it again. orange beach, alabama had oil yesterday and the day before, so it keeps coming in. thats a big problem for the mana...

We have cleanup crews hired by bp, subcontracted out through companies that are cleaning up but the tar balls are pretty significant along here and this will take a lot to clean this up and it might even take some machinery. it looks like seaweed that came up but it is all tar balls here from very small dime size to large patties like this that you see here and residents here, of course, have been very devastated this morning up and down here. of course, tourism and reservations for condos off a...

They go back out on the water. you take the water away, i dont know what -- what those people are going to do. it goes to some comments senator landrieu offered just yesterday. >> weve always said were a working coast. we didnt build this coast on condos. we do vacation there, but we didnt build it full of vacation homes. weve built it with a great fishing industry, both commercial and recreation, and the oil and gas industry. half of a family, as you know would fish. the other half would work o...

But thats going to be a really tough sell, is it not right now, to tell people to come to the shoreline, even though you may not necessarily want to get in the water what you know what in the world, how, what kind of message to you send to people, and at the same time try to support your communities, which are clearly going to be devastated? >> yes, fredricka. and its sort of, were in the same way of florida, certainly the oil has affected and it does affect. but we have cleanup crews that go th...

Whether it is a bad choice of words it makes no difference hotel reservations are off up to 40% and you also have vacation rentals. so, all the way from big companies here to the small mom and pops who are renting out condos. theyre hurting. theyre hurting economically here. they said this year that this was supposed to be the year that they bounce back from the slow economy from last year. reservations were up anywhere from 20% to 30%. thats been wiped out and many just say this latest comment ...

Condos because of the housing bust? you made a lot of money on the bust. how does that sit on all those people sit in the condos down there. >> its a failure of the career politici politician. guys like kendrick people who sat in congress who accepted donations from freddie mac and fannie mae and encouraged people to take out teaser loans that he should have known they would have no ability to pay it back. i saw the housing crisis coming. i did what i had to do to protect my investments and the ...

Clean up crews and a lot of volunteers were this weekend. it is crime real estate here in alabama. i am told by the alabama bureau and convention bureau that more than 4 million people visit these beaches annually, bringing in more than $2 billion. they dont have exact numbers for cancellations for the area, but we are hearing from people that are trying to rent their condos as well as realtors who are taking a hit. >> typically, we are rented the entire summer, june, july, and august. this year...

One got an earmark and the other got a nasa contract. he bought condos with them and he was under f.b.i. investigation into miraculously the investigation was dropped after three years, a week before the health care vote. when molihan doubtfully voted for health care. i gave a speech in west virginia, i was talking about him and urged his replacement and oliveria, the guy that won, people said hes going to support him. i said i challenge him today saying he will not vote for nancy pelosi as spea...