Florida real estate effects of sinkholes in the same Floridan Aquifer
that underlies Lowndes County
would be worth looking at
before rushing to build Moody Housing around a sinkhole on Val Del Road.
It’s not just the sinkhole that may widen, it’s housing prices that may drop.
DAVID MANNING / Reuters
A section of the Summer Bay Resort lies collapsed after a large sinkhole opened on the property’s grounds in Clermont, Fla. on Aug. 12.
Sinkholes may be as old as the earth itself, but the increase in
sinkhole activity is new. The rush to reason why has put scientists,
engineers and real estate developers at odds.
Some geological experts believe the sinkhole activity is increasing
because developers are pumping more water out of the ground for new
projects or for agricultural use. While acid in the water itself is
what causes the limestone under much of Florida to dissipate and
create the holes, the water also acts as a support. Add water from
heavy rains on the top soil, and you’ve got a bigger problem.
It is even beginning to weigh on the recovering real estate market
Commissioners approved dollar amounts for two purchase orders that were completely different
from the ones they were quoted the morning before, with no discussion:
the County Attorney quoted the new figures, asked for approval,
and immediately got it
9 July 2013 Regular Session of the Lowndes County Commission.