Monday, May 14, 2007

Cay Clubs

Cay Clubs are apparently hugely in debt, relatively speaking, due to massive acquisitions and not a hell of a lot of actual business. None of the properties they have acquired lately have any work of any note begun on them, nor any date set for work to start. They have also laid off almost 10% of their employees due to slow revenues.

Great this basically means that they own vast tracts of the Keys, no one else can touch them.. and they are in the hands of a wonky corporation, that is having major financial difficulties. History repeats and repeats. No doubt said properties will be left to rot, sustain natures fury and end up an eyesore for years. Or not.

In other news, Commissioner Mark Rossi is backing Last Stand among others in trying to save the Pine trees at Fort Zach. Personally, as someone who is there several times a week, I hate them, the needles get stuck in places I really would rather they wouldn't, and they shed so damn many. But I do definitely see the need for shade and the protection of the beach from erosion. What worries me is that the now world famous Corps of Engineers, you remember the ones who built those fabulous levies, are in charge of preserving the park and prevently any erosion. Ho hum.

1 comment:

Anonymous said...

Cay Clubs is not a corporate entity; it is privately held. 10% layoffs in this economy is quite good, actually, for a development company. WCI, the largest developer in southeastern US laid off close to 75% of their workforce. Not to mention all the rest. Homework is a wonderful thing, if you're into it.