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re: BP told feds it could handle oil spill 60 times larger
Posted on 5/19/10 at 1:43 pm to beachdude
Posted on 5/19/10 at 1:43 pm to beachdude
quote:
Hopefully, not one glob of oil will befoul a beach. However, if you own beachfront property or property anywhere near a resort beach and your property devalues from $1,000,000 to $50,000 because the beach is ruined and you suffer that loss, who is going to have to pay you
Most likely BP would have to pay to remove the oil from the beach which is costly yet practical on sandy beaches like those in Florida (much more so than the marsh). I doubt they would have to pay for entire structures. How are aesthetics valued anyways? Not to mention that the overinflated real estate market has already crippled itself along the Florida gulf coast.
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