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The Gulf oil spill may be plugged for the time being, but the effects on the local real estate market are just beginning to trickle in. The value of property along 600 miles of coast between ...
The St. Joe Company, a real estate developer in Florida that owns 577,000 acres of land near the Gulf And it's looking for someone to pay. Gulf Spill Update: Florida Real Estate Developer Sues ...
Real estate professionals are demanding redress from BP to cover loss of rental income and, some say, declines in property values brought on by the Gulf oil spill. And some residents are getting it.
Location: Macondo Prospect (Mississippi Canyon Block 252), in the North-central Gulf of Mexico, United States (south of Louisiana): Coordinates: 1]: Date: 20 April – 19 September 2010 (4 months, 4 weeks and 2 days): Cause; Cause: Wellhead blowout: Casualties: 11 people killed 17 people injured: Operator: Transocean under contract for BP [2]: Spill characteristics; Volume: 4.9 million barrels ...
The Deepwater Horizon oil spill began on April 20, 2010 when an explosion struck the rig, it occurred in the Gulf of Mexico on the BP-operated Macondo Prospect.Killing eleven people, it is considered the largest marine oil spill in the history of the petroleum industry and sources estimated that between 134–206 million barrels of oil was released into the gulf.
The real estate prices and a number of transactions in the Gulf of Mexico area decreased significantly during the period of the oil spill. As a result, area officials wanted the state legislature to allow property tax to be paid based on current market value, which according to Florida State Rep. Dave Murzin could mean millions of dollars in ...
National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling begins two days of hearings at the Hilton New Orleans Riverside [109] July 15 – BP test cuts off all oil pouring into the Gulf at 2:25 pm. [110] However Thad Allen cautions that it is likely that containment operations will resume following the test. [111]
The BP oil spill may be receding from national headlines, but Realtors in and around the Gulf region are still in the thick of it. A survey released Tuesday by analytics firm Clear Capital reveals ...
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