I highly doubt the reason is the inability to obtain liability insurance. The cost and availability of property insurance, however, could be an issue. Obtaining property insurance for coastal property has been difficult and costly for the last 3-5 years and especially difficult in areas with little to no elevation which makes them highly susceptible to storm surge and/or flooding. The norm has been that premiums have increased 2 to 3 times what they were 5 years ago and when you add in the increased values and cost of construction due to inflation, the cost insure coastal property has made a lot of development difficult to justify.
Thanks for your reasonable guess. Insurance is always available if you are willing to pay the price but I'm pretty sure that the ability to obtain insurance of any kind is far away from anything that is currently delaying the rebuilding.
Thanks for acknowledging my "reasonable guess" but I wasn't attempting to explain why Cllub O hasn't rebuilt. My point was that it certainly wasn't the availability of liability insurance.
As for a WAG on when or if Club O will ever be rebuilt, my guess is that some or all of the current owners will have to pass before that happens. Actually, it suits me fine just as it is and if the dilapidated buildings were cleaned out , it would be a bit of a bonus.
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