It looked like a perfect solution. A mammoth, mixed-use development would be built to inject energy into a flagging Nassau County economy like a vitamin B-12 shot. A harsh economic recession was ending. And county officials were searching for an economic boost. That was 10 years ago.
The trend at the federal and state levels has been toward lower taxes, which is favorable for residents and businesses alike. Local officials, however, are bucking this trend. By a lot of bucks.
U.S. consumers are the most confident since 2000, and the confidence extends to the business sector – especially in flourishing places like Nassau County.
A sand storm of controversy is engulfing parts of Nassau County beaches. Most notably, the dry part. The controversy has erupted from a state edict over who owns Florida beaches outside the high-water mark. More specifically, the predominantly thick sand that remains dry – out of the ocean’s reach. And the issue is whether it is public, or private, property. While... Continue Reading →
When noted economist Stephen Moore spoke at an event at Amelia Island Plantation a year ago, he had an underlying message.
When does too much good news in the economy become bad news for the financial markets? The answer came a couple Fridays ago. The latest report on jobs, unemployment and wages was hotter than a summer in Orlando. And U.S. stocks tanked. The reason: fears of inflation. This comprises rising prices, costs, etc.... Continue Reading →
Regina Duncan can relax now, basking in the calm after a storm of renovations to the Amelia Island-Fernandina Beach-Yulee Chamber of Commerce office.
Real estate in Northeast Florida is as hot as a typical July afternoon -- with heated demand and sizzling prices in many cases and in most places. "It is a hot market," says John Holbrook, an agent with Berkshire Hathaway Chaplin Williams Realty on Amelia Island.
Local officials are seeing dollar signs -- as tax receipts erupt like an oil gusher from rising property values around Nassau County. And government types are inclined to find creative ways to spend these newfound dollars. Like on wasteful projects... Continue Reading →