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The Orlando Sentinel from Orlando, Florida • C2

Location:
Orlando, Florida
Issue Date:
Page:
C2
Extracted Article Text (OCR)

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very exciting. glad it passed, and looking forward to having it jump-start the said Trey Price, a public-policy analyst with the Florida Association of Realtors. Florida lawmakers are looking for a way to undo some of the of the Save Our Homes property-tax provision, originally approved by voters in 1992 to help families stay in their homes and not be forced to sell just to escape escalating property taxes. It caps increases in appraisals of owner-occupied homes at 3percent a year or the rate of inflation, whichever is lower, and homes are assessed at the full market value only when sold. Many fear it has homeowners, because selling and then buying another home in the state can immediately triple or quadruple a property taxes.

Snaith and a number of other economists say they expect housing market, which is falling from record highs set two years ago, to recover until 2009 because of record-high inventory, record- high prices in inflation-adjusted terms, and weaker demand for a host of reasons that include higher property-insurance costs. Tax issues, they contend, affect sales on the of the market but do nothing for the fundamentals. Larger forces, such as an oversupply of homes and weak demand, are the real keys to the and the lethargic home sales. But it all could be moot if courts rule the tax structure unconstitutional. Price, with the Orlando-based Realtors trade association, said the organization fears the final version of the bill the likelihood of its being He would not say what might happen if the tax savings, retroactive for buyers during 2007, were overruled by the courts.

Gov. Charlie Crist, in touting the tax-cutting proposal during appearances this week, repeated his claim that the measure will thaw frozen real-estate market. is going to fire-up economy this economic engine been held Crist said at the Capitol before traveling to Jacksonville, Orlando and Port St. Lucie to promote the proposed constitutional amendment. Some residents still are not sold on the idea of preserving the tax break for existing homeowners.

oppose portability. said Jonathan Nunes, 37, who bought a home in east Orlando two years ago for $330,000 and pays about $5,000 a year in property taxes to Orlando and Orange County, along with other government entities that get smaller slices of the tax pie that comes out of his pocket. He said he figures he will vote against the tax measure, for a number of reasons. High taxes in general are the main problem, Nunes said, along with the high cost of housing in general. dollar cost of the home is the bigger he said, and are just ridiculously John Kennedy of the Sentinel staff contributed to this report.

Jerry W. Jackson can be reached at or 407-420-5721. Portability no panacea, experts say PORTABILITY FROM C1 just four U.S. metro areas with three or more comprehensive hospitals: New York, Los Angeles, Chicago and St. Louis.

Orlando would become the fifth, and by far the smallest, member of the group when the Nemours Foundation opens its planned hospital at Lake Nona. That could be as early as 2012, though application to build the multispe- cialty hospital, approved by the state earlier this year, has been appealed by the two health-care systems Orlando Regional Healthcare and Florida Hospital that operate two existing multispecialty hospitals. Jeffrey Green, who spent six years as chief executive officer at St. before joining Nemours in 2006 as its Florida administrator, said it would be a mistake to draw parallels between Orlando and Philadelphia. hospital is closing because of financial difficulties, he said, while Nemours, Orlando Re- gional and Florida Hospital have the financial wherewithal to be full-service, comprehensive teaching Besides, Green said, for all intents and purposes Philadelphia will still have three multispecialty teaching institutions: Besides Hospital of Alfred I.

duPont Hospital for Children, flagship hospital in Wilmington, is less than 30 miles away. Harry Wessel can be reached at or 407-420-5506. 1of 3 hospitals to close HOSPITAL FROM C1 be leaving behind in Tampa a major new wildlife-themed attractions area, development at Busch Gardens. Brown will be replaced in Tampa by DonnieMills, executive vice president and general manager of Busch Gardens and Water Country USA parks in Virginia. With Brown, the company is bringing to Orlando an executive who already knows SeaWorld Orlando and the market fairly well.

SeaWorld and Busch Gardens Tampa Bay often team up on operational and marketing projects, and many visitors buy packages to visit both parks. But Brown recognizes that of the twoSeaWorld Orlandois generally the gateway park, particularly among international visitors. And he noted that SeaWorld sits amid the largest theme-park community. His roots in Tampa run deep. He is currently chairman of the board of convention and visitors bureau, the same position Atchi- son holds with the Orlando- Orange County Convention Visitors Bureau.

Brown also is on the board of the Tampa Bay Performing Arts Center. He and his wife, Rose, have two children. Last year, SeaWorld Or- landodrew 5.7million visitors while Busch Gardens drew 4.4million, according to estimates published by TEA and Economic Research Associates in Park World magazine. Scott Powers can be reached at or 407-420-5441. Brown to succeed Atchison in post SEAWORLD FROM C1 Check out Orlando Sentinel for recipes and cooking tips, as well as party ideas and cookbook reviews.

Product: OSBS PubDate: 11-02-2007 Zone: FLA Edition: ROP Page: User: wjackson Time: Color: CMYK.

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Pages Available:
4,732,775
Years Available:
1913-2024