The project is expected to start in September. Unlike past re-nourishment projects, the federal government will not foot the majority of the bill.
Pinellas county’s beaches are considered extremely eroded after recent storms like Hurricanes Helene and Idalia. In the past, the U.S. Army Corps of Engineers paid most of the money to help the county re-nourish its beaches by widening them and rebuilding sand dunes. However, that help has been on hold because of a controversial rule.
The federal government will no longer help fund the work unless 100% of beachfront owners grant the federal government perpetual public access to their properties.
Because many Pinellas County property owners refuse to grant the easement, the stalemate continues to this day. Pinellas County has approved a plan to use almost $126 million in tourism development tax funds to re-nourish miles of county beaches.
The project is expected to commence in September and conclude by January 2026.
Source: WFTS abc news
Mortgage Rates
Continue to Move Up
The 30-year fixed-rate mortgage inched up this week and continues to stay within a narrow range under 7%. While overall affordability headwinds persist, rate stability coupled with moderately rising inventory may sway prospective buyers to act.
