Home -> Law Blog Directory -> Real Estate & Property Law Blogs -> a View from the property line
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense
Find a Local Lawyer
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402
Real Estate & Property Law
: a View from the property line$100-Million Condo for One?
By William G. Gammon
Evidently, this Fort Myers condominium (the Oasis Tower One) had been ravaged by a trinity of recessionary forces -- foreclosures, soaring unemployment and rising bankruptcies -- and saw all but one of its tenant contracts get cancelled or otherwise go unfulfilled. The Fort Myers area, like many counties across the country during this prolonged economic nosedive, is mired in a recession of historic proportions. The Associated Press monitors the "Economic Stress Index" of some 3100 counties nationwide, assigning each county a value in a range from 1 to 100 to indicate the relative level of economic hardship in any one region. A value of 11 or more on the index indicates that a particular county is in economic distress. The Fort Myers area rated a value in excess of 20 on the AP's index.
Fort Myers was supposed to be blossoming into Florida's next high-profile center for economic development until the brakes were put on the economy, that is. Now, the Oasis Tower One stands proud, but deserted, with scant few lights left on, utility services restricted, and most amenities either locked up or plans to build them long-abandoned. And what of that lone brave family that still lives there? They remain, with hopes for a better future, along with getting a neighbor or twenty.
*the original Yahoo News/Associated Press article can be read in its entirety by following the link above or by clicking on the link here, http://news.yahoo.com/s/ap/20090801/ap_on_re_us/us_lonely_highrise
Full post as published by a View from the property line on August 03, 2009 (boomark / email).
Couple Awarded Nearly One Million Dollars in Lawsuit
Condo Lawsuit Gets $1 Million Award
Condo Eminent Domain
Maui pays $4.1 million settlement to property owner.
$33 Million Awarded to Boy Injured by Drunken Driver
Drunk Driver To Pay $33 Million to Injured Friend
Reports of Child Deaths Prompt Recalls of Two Million Graco Strollers
Two Million Graco Strollers Recalled Four Strangulation Deaths Reported
Age Discrimination Suit Settled for $8.75 Million
Age Discrimination Class Action Settled for $8.75 Million
Verizon To Pay $52 Million To Settle
Verizon To Pay $52 Million To Settle "Pay as You Go" Data Charges FCC Investigation

Would a T&E Professor Merit a $4.2 Million Condo
Condo Fire Sparks Wrongful Death Lawsuit
UNSOLD REAL ESTATE: Downtown Fort Myers condo has 32 stories, and one lonely tale: Condo can get s
Danny Masterson Sued Over Pricey Condo








