International Airport and Casino

[Smiling JOe]

If Joe builds this road to go with the new airport, 30A prices will end up in California territory one day. Just a prediction, Shelly.

Joe is not building the road, but JOE may. ;-) Just playing with you Bob. You are very correct in your above statement.


Does anyone get the feeling that many of Shelly's posts from the past are ringing true today? Along the way, you may notice that I agree with some of Shelly's overall big picture of the short term RE market in this area, but for the true picture of the long term, I think we need to step back from the subject a few steps. Picture this area five years from now. What about ten years? I am a long termer, and I see much growth over the next few years. Earlier today, while driving back from Freeport, I was picturing the vacant land being filled with stores like Hwy 98 in Destin. It is hard to conceptualize in some ways, but when I think about where other similar towns were 10 years ago, it suddenly becomes easy to see.

Speaking of housing, on that same drive, I allowed myself to dream of the what if I had won the powerball with the ticket purchased for me by peapod1980. After splitting the winnings with her, and sharing my half with some other folks close to my heart, for a moment, I thought about how cool it would be to buy some commercial property with great Gulf views, build a small swimsuit casual bar and grill, and build some funn housing near the Bay to house all of the staff for very cheap rent. Oh well, that was a quick thought.

 

[imasunbum]

Joe is not building the road, but JOE may. ;-) Just playing with you Bob. You are very correct in your above statement.


Does anyone get the feeling that many of Shelly's posts from the past are ringing true today? Along the way, you may notice that I agree with some of Shelly's overall big picture of the short term RE market in this area, but for the true picture of the long term, I think we need to step back from the subject a few steps. Picture this area five years from now. What about ten years? I am a long termer, and I see much growth over the next few years. Earlier today, while driving back from Freeport, I was picturing the vacant land being filled with stores like Hwy 98 in Destin. It is hard to conceptualize in some ways, but when I think about where other similar towns were 10 years ago, it suddenly becomes easy to see.

Speaking of housing, on that same drive, I allowed myself to dream of the what if I had won the powerball with the ticket purchased for me by peapod1980. After splitting the winnings with her, and sharing my half with some other folks close to my heart, for a moment, I thought about how cool it would be to buy some commercial property with great Gulf views, build a small swimsuit casual bar and grill, and build some funn housing near the Bay to house all of the staff for very cheap rent. Oh well, that was a quick thought.

I know you didn't win but I hope you do one day! I like the way you think.

 

[John R]

20 will be a 4 lane, real estate between 20 and the bay, 311 and 79 is where it's going to get hot.

 

[SHELLY]

If Joe builds this road to go with the new airport, 30A prices will end up in California territory one day. Just a prediction, Shelly.

What good are high prices if there are no buyers?

Sacramento, CA
San Fernado Valley, CA
Bay Area, CA
LA, CA
San Diego, CA
CA January Sales Hit a 4-year Low

 

[SHELLY]

It is hard to conceptualize in some ways, but when I think about where other similar towns were 10 years ago, it suddenly becomes easy to see.

Joe, one doesn't need to look at "similar" towns--do you remember what this area looked like just 10 years ago--and what it's become?

BTW great site for the affordable housing allowance...maybe Jeb needs to tack on a "developer's premium" charged to builders in the state to beef up this fund.

 

[steele mama]

No kin, my name is Copeland from Georgia, Bruce Cafe has the best breakfast on Hwy 20, recommend...sweet potato pancakes.

Oh, I want some of those pancakes...right now!! I imagine they may have the only breakfast on 20 for a few miles.

 

[Jellyfish]

As far as Indians...I haven't heard of a casino, and certainly we don't have a reservation here as South Florida does, but Bruce is the home of the local Creek Indian tribe so it's quite interesting you heard that there.

This is an issue I deal with in my business. There is Tribal gaming either operating or in the works in a majority of the States. The BIA and individual states work together to arrive at the ground rules (called a "compact").
Generally pretty broad in terms of what is considered "tribal land" and a "tribe". Would not be surprised one bit to see major Tribal gaming in the Panhandle at some point. Look at Biloxi, Gulfport, etc.

And the existing FL tribal casinos are doing very well:

http://www.rgtonline.com/Article.cfm?ArticleId=57792&CategoryName=Business

 

[Smiling JOe]

This is an issue I deal with in my business. There is Tribal gaming either operating or in the works in a majority of the States. The BIA and individual states work together to arrive at the ground rules (called a "compact").
Generally pretty broad in terms of what is considered "tribal land" and a "tribe". Would not be surprised one bit to see major Tribal gaming in the Panhandle at some point. Look at Biloxi, Gulfport, etc.

And the existing FL tribal casinos are doing very well:

http://www.rgtonline.com/Article.cfm?ArticleId=57792&CategoryName=Business

Is Trump an Indian? I understand he and much of the Vegas connection have a crapload of property in Biloxi under contract.

Casinos will more than likely show up in the panhandle. Who knows from where they will get there employees. Perhaps if the casinos go into PCB, there will be more service staff, for a while at least. Ebro and Bruce may also become more hot spots.

 

[Jellyfish]

Now that the MS law changed post-Katrina to permit land-based gaming (within 800' of mean high tide boundary), Biloxi will be rebuilt much more upscale than before.

 

[30A Skunkape]

If Joe builds this road to go with the new airport, 30A prices will end up in California territory one day. Just a prediction, Shelly.

I fear that the new airport will inject international $$$ into the area which will only serve to stimulate the insane prices we see now.