From the Palm Beach Post

The Seagate Marina, once a bucolic launching point for small boats, might soon be the site of a $25 million waterfront retreat with a 130-room hotel, expanded barns to store luxury boats and tiki bars and grills.

The location is the marina’s best asset, said North County commercial Realtor Rebel Cook. The nearest indoor large boat storage locations are in Riviera Beach and Stuart. And Jupiter Pointe is a convenient location for boat owners who live on Jupiter Island, she said. “The economy is still down. (Miller) must have strong financial backing if he is going to make it through this recession,” Cook said.

Read More

See the Photos

From Palm Beach Daily News:

Palm Beach County Economic Forum President Rebel Cook said she is still “reeling” from news of the alleged scam. She predicts many wealthy Palm Beachers will be forced to cut back on their personal staffs, creating a trickle-down effect of growing unemployment. In the coming weeks, area restaurants, which are already hosting fewer patrons and coping with reduced staffs, will likely receive even less business, and charitable foundations will try to survive with dwindling donations, Cook said. The only South Florida industry that might be spared from the fallout is the legal industry, which will feed off the inevitable slew of lawsuits, Cook said. But even that’s not a sure thing. “Will lawyers do well?” Cook said. “Yes, if their clients can pay them.”

Read the story

From the Palm Beach Post:

It’s time that Americans acknowledged the inevitable. The end is not as far off as your pandering politicians would have you believe. The ticking debt clock is nearing detonation. Some say it’s still not too late to keep it from blowing the economy to smithereens. I’m not convinced that wasting the past 20 years wasn’t decisive. But there are those – such as the Concord Coalition’s Harry Zeeve, who spoke to the Economic Forum of Palm Beach County on Thursday – who believe that something still can be done.

Read the Story

From the Palm Beach Post:

The housing market in Palm Beach County and the Treasure Coast has turned “brutal” and is getting worse, a veteran mortgage broker said Tuesday. The stark outlook came from William Davis, president of Private Funding Specialists Inc. in Palm Beach Gardens and past president of the Palm Beach County chapter of the Florida Association of Mortgage Brokers.

“I’ve seen some tough times, but I’ve never seen anything like this,” Davis told members of the Economic Forum of Palm Beach County.

Read the Story