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Old 05-23-2011, 06:07 PM
 
8 posts, read 18,929 times
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Howdy all, I have not been down to the gulf coast of MS since at least right after Katrina hit. I was wondering what, in the way of rebuilding, has taken place? I saw renderings of plans to rebuild Pass Christian, Gulfport, and other cities and was wondering how that was coming and what it looked like now?
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Old 05-23-2011, 06:35 PM
 
Location: D'iberville
12 posts, read 57,808 times
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Casinos are back, new ones coming, though I think this are has hit its equilibrium for gaming with 11 properties.

More restaurants and condos are coming along every day along the beach front though there are still some vacant patches on 90, especially in Biloxi. Downtown Long Beach is fixed, so is Pass for the most part. Work is still ongoing in the Hancock County coastal communities, and Ocean Springs is alive and kicking. They've also revamped downtown Gulfport and just held a pretty successful music festival that looks to be a recurring event there. D'iberville is expanding northward successfully with the addition of a large amount of retail space last year.
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Old 05-24-2011, 08:30 AM
 
Location: MS
61 posts, read 156,060 times
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I was on the coast two weeks ago.

Most of the big businesses are back. I hear more are coming in. Many of the mom and pop places didn't reopen. But new ones have taken their place.

Homes... if you're asking if they're all still living in FEMA trailers, no lol. But if you're asking if it the same place in July 2005, no. It has been a slow process, but it is growing and coming back.

Some of the towns have come back quicker than others. My friend lives in Long Beach and says that things are moving along without problems. My other friend lives in the Bay and says it is still pretty desolate. Just a matter of where along the coast you plop your pillow.
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Old 05-24-2011, 12:10 PM
 
Location: D'iberville
12 posts, read 57,808 times
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Long Beach is mostly back, but the beach front still has some gaps. The biggest down fall is they have yet to retain any large size businesses and they are property-taxing their people to death because they cling to this idea of a "bedroom" community. They fail to see that Katrina changed the nature of the coast significantly and they cling to old ways. The city council there is still filled with old farts who can't see the writing on the wall. The trick to living on the coast is finding homes in the county not that far out of the city limits. The housing market is in a buyer's mode right now. 2,000 sq. ft. homes running around 100k.
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Old 05-25-2011, 10:17 PM
 
Location: Chemnitz, Germany
4,238 posts, read 9,527,092 times
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When driving along highway 90 along the waterfront of Gulfport, there are many miles of residential areas with vacant lots, formerly occupied by homes. The vacant lots extend at least two blocks away from highway 90. I am not an expert on the area but I am guessing that the high cost of insurance for people who re-build in the zone just across from highway 90 has something to do with the low amount of residential re-construction. Add in the lousy real estate market right now, and the reluctance of lenders to take risk with residential properties, and it's not hard to understand why many people have not been able to get loans to rebuild. Many people who lost their homes along the MS Gulf got lousy or no settlements from their insurance companies, so that didn't help either.
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Old 05-26-2011, 07:47 AM
 
Location: NE Mississippi
22,167 posts, read 13,732,859 times
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Quote:
Originally Posted by recycled View Post
When driving along highway 90 along the waterfront of Gulfport, there are many miles of residential areas with vacant lots, formerly occupied by homes. The vacant lots extend at least two blocks away from highway 90. I am not an expert on the area but I am guessing that the high cost of insurance for people who re-build in the zone just across from highway 90 has something to do with the low amount of residential re-construction. Add in the lousy real estate market right now, and the reluctance of lenders to take risk with residential properties, and it's not hard to understand why many people have not been able to get loans to rebuild. Many people who lost their homes along the MS Gulf got lousy or no settlements from their insurance companies, so that didn't help either.
That's almost the way I see it. But I think those homes along US90 - worth millions and 100 years old - were well insured and only occupied part of the time by wealthy owners. So when they got their insurance money there was no reason to rebuild. That's why there are so many of those premium lots for sale.
We priced one of them. Can't remember the price, but I remember think that some owner was not in a hurry to sell. I'm betting that eventually it will be all commercial property because few people would be willing to pay the kind of money it would cost to build a new home there. The old ones were irreplaceable.
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