News & Notes

$120 million hospital project to officially break ground in east Manatee

In the week's top commercial real estate news, a Pinellas County shopping center sells for $7.5 million, a Sarasota condo project sees double and Lee County keeps fighting for discount.


  • By Louis Llovio
  • | 6:00 a.m. June 9, 2024
  • | 0 Free Articles Remaining!
Lakewood Ranch Medical Center is building a patient tower that will double its number of beds.
Lakewood Ranch Medical Center is building a patient tower that will double its number of beds.
Courtesy image
  • Florida
  • Share

Naples/Fort Myers/Charlotte

Flooding in: The work to restore Lee County’s flood insurance discount continues. County officials told commissioners last week that documentation had been submitted on 414 properties the Federal Emergency Management Agency had identified when it decided to downgrade the county’s rating in the National Flood Insurance Program. The downgrade, which affects the county and five localities, costs policyholders a 25% discount — about $300 per year. The county pushed back hard on the decision, accusing the federal agency of springing the news on local officials in March, this despite letters showing there was ample warnings dating back to last year that the ranking was at risk. For its part, FEMA says it is working with each of the communities to retain the rating — and the associated discount — with each getting 60 days to submit additional documentation. “We are in the process of reviewing all documentation and anticipate providing results by mid-July,” says FEMA spokesperson Lea Crager. 

Damage caused by Hurricane Ian.
Photo by Reagan Rule

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content