BP Pays Panama City Beach $1.2 Million

After months of waiting to hear news of the pending claim filed over losses in tax revenue during the Deepwater Horizon Oil Spill, BP offered a claim settlement to Panama City Beach City Council Members, with a respectable $1.2 million payout.

The question to ask now is how the City is planning on utilizing the money. At the moment, mention has been made that the current goal is to put the money towards completing projects the City didn’t have funds for previously.

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The BP Effect – Polka Dots Still Selling Toys

The BP Effect series is brought to you by attorneys Reich & Binstock and Seeger Weiss LLP, which are helping businesses in Panama City Beach recover losses sustained directly and indirectly from the Deep Water Horizon oil spill. They can help your business too,
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As all things must do, we too, have reached the end in The BP Effect Series. Some may shed tears, others may leap with gratitude, me – I had the over-whelming pleasure of stumbling into one of the coolest stores I’ve seen in years, all because of this final interview we conducted with the owners of Polka Dots Retro Toys & Gifts in Pier Park.

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The BP Effect – CandyMaker

The BP Effect series is brought to you by attorneys Reich & Binstock and Seeger Weiss LLP, which are helping businesses in Panama City Beach recover losses sustained directly and indirectly from the Deep Water Horizon oil spill. They can help your business too,
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Through out the course of the our BP Effect series, we’ve visited numerous industries affected by the oil spill. As we wrap up the series, the last place we wanted to check in on is with a few of our retail friends in Pier Park.

There’s been an enormous amount of information circulated regarding the financial losses and fears of business owners county wide during the height of the Spill, however, with this article I was hoping to offer a slightly different view, and with the help of Candy Maker and Trader Tom’s owner, Tom Ehlke, I’ve been able to do just that.

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The BP Effect – Real Estate Suffers 45% Losses

The BP Effect series is brought to you by attorneys Reich & Binstock and Seeger Weiss LLP, which are helping businesses in Panama City Beach recover losses sustained directly and indirectly from the Deep Water Horizon oil spill. They can help your business too,
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We just talked about how the oil spill impacted real estate at an individual Realtor level.  Karen Smith with Beachy Beach real estate was rocking hard at the first part of this year with record breaking sales numbers when everything dropped off in May.  For her, the BP Effect was dramatic, and real.  When the leak was fixed, it was like her business just “turned back on.”  There was a stark contrast between her August and September sales numbers.

The real estate industry as a whole on Panama City Beach has a similar story to be told.  This story is told by the sales numbers.  This second installment of a two part “mini-series” is going to be sort of a conversation-in-post look at what happened over the summer and in year’s past.

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The BP Effect – A Realtor’s Tale

The BP Effect series is brought to you by attorneys Reich & Binstock and Seeger Weiss LLP, which are helping businesses in Panama City Beach recover losses sustained directly and indirectly from the Deep Water Horizon oil spill. They can help your business too,
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In this series, we’ve talked about a variety of ways this past summer’s oil spill impacted a variety of industries, but this week we’re going to embark on a two article “mini-series” on the oil spill’s relationship with the local real estate industry.

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The BP Effect – Does it ‘Affect’ Everyone? Panhandle Helicopter’s Story

The BP Effect series is brought to you by attorneys Reich & Binstock and Seeger Weiss LLP, which are helping businesses in Panama City Beach recover losses sustained directly and indirectly from the Deep Water Horizon oil spill. They can help your business too,
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So, there was an oil spill this summer, close to us, close to home.  One could argue that it effected all of us one way or another.  Many are up in arms about it, many just want people to stop talking about it.  Some are making claims to recover losses, some are making claims to make money, some are making legitimate claims and getting a run-around.  Did the BP Effect, effect everyone?  Panhandle Helicopter didn’t seem to be concerned with the “catastrophe” that had droves of people and businesses down over the summer.  He had record breaking months almost every month this year, and was down, just one month, less than 7%.

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The BP Effect on a Smaller Scale

The BP Effect series is brought to you by attorneys Reich & Binstock and Seeger Weiss LLP, which are helping businesses in Panama City Beach recover losses sustained directly and indirectly from the Deep Water Horizon oil spill. They can help your business too,
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We’ve talked about how this summer’s oil spill scare effected large-scale marinas, restaurants, property management companies and retail, but today, we’re going to take it a notch and talk about how this mess effected a home-owner.  The Balmy Oasis Cottage is a small beach cottage that owner Pat Guin rents out on her own.  She and her husband bought it as an investment and rely on rental revenue to make payments and cover costs of ownership.  This summer was tremendously painful for their “business”, but with pockets of “blessings”, they made it.  Here’s her story.

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