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Tuesday's Afternoon Update
What you need to know about Florida today
There are great savings in bundling your insurance, but not so much in Florida
It’s one of the most common selling points of insurance companies on TV commercials. If you bundle the coverage of your home, auto, boat or life into one policy, you can save money. But can you take advantage of that in Florida? The bundling discount isn’t available to most homeowners in Florida, where market conditions are different than other states,industry experts say. More from the Miami Herald.
Hurricane center says high odds Caribbean system will develop into tropical depression or storm
A system in the Caribbean has a high chance of developing into the season’s next tropical depression or storm, according to the National Hurricane Center. The trough of low pressure in the eastern Caribbean Sea has a large area of showers and thunderstorms. If it develops enough strength, it could become Tropical Storm Vince. More from the Orlando Sentinel.
Magic Leap CEO Peggy Johnson steps down, company names replacement
Magic Leap has new leadership. CEO Peggy Johnson is stepping down from her role at the Plantation-based augmented reality company and will be replaced by Ross Rosenberg effective Nov. 1. Johnson is departing as the company completes its pivot from the consumer to the enterprise market. More from the South Florida Business Journal.
Darden activist investor sets sights on Outback Steakhouse, Carrabba’s
The activist investor who shook up Orlando-based Darden Restaurants now is taking aim at Outback Steakhouse and Carrabba’s Italian Grill, in what could be a less tumultuous move than nearly a decade ago. Starboard Value, which won control of Darden’s board in 2014, has about a 10% stake in Tampa-based Bloomin’ Brands. There are some similarities between Bloomin’ and Darden, and Starboard has already brought in a former Darden top executive as an adviser. More from the Orlando Sentinel.
St. Petersburg seeks residents to serve on Gas Plant advisory council
St. Petersburg is looking for qualified residents to serve on an advisory council to determine whether the Historic Gas Plant District project provides enough benefits to the community. The Community Benefits Advisory Council is a non-partisan board that advises the mayor and City Council and consults on whether the Community Benefits Agreement is properly applied. The program requires developments that receive major public benefits, such as a land discount or a financial contribution, to reinvest back into the community. That could mean affordable housing, environmental benefits or job training. More from the Tampa Bay Times.
Event
Ocala summit to host ‘Path of the Panther’ conservationist Carlton Ward Jr.
The Florida panther may not call the stables of Ocala home, but residents can learn all about the majestic animal and how they can support the expansion of its protected habitat at a summit next month. Horse Farms Forever, an Ocala-based nonprofit dedicated to preserving horse farms and the city’s identity as the “horse capital of the world," plans to host its fourth annual “Conversations about Conservation” summit on Nov 16.
» More from the Gainesville Sun.
Revitalization
Famed Tampa water tower gets facelift. Will it be a welcome sign, too?
Nearly a century ago, a 214-foot tall tubular structure rose high over Tampa’s Sulphur Springs, looking less like a water tower than something that belongs on a castle. By the 1950s, the 21-story tower was the funky focal point of the Tower Drive-In movie theater. Decades later came a plan to build a hotel-office project there in the struggling neighborhood, but that fizzled. Still the white beacon stood tall, a landmark to passing motorists on Interstate 275.
» Read more from the Tampa Bay Times.
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