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Thursday's Afternoon Update
What you need to know about Florida today
Insurance dilemma threatening Florida's oldest trees
In the wake of Hurricane Ian, the climate of homeowners insurance is one of frustration and uncertainty. Many carriers have left the state completely, while others have drastically raised rates for customers. But now there is a new casualty to the Florida insurance industry — the state's historic live oaks. Insurance companies are now looking at some of Florida's oldest and most iconic trees and seeing risk. More from the WZVN.
DJ Khaled honored for his impact on South Florida’s small business community
Renowned musician and entrepreneur DJ Khaled was recognized Wednesday for his contributions to South Florida’s small business community. The City of North Miami Beach honored him during their 3rd Annual Small Business Summit and Expo held at City Hall. The event focused on small businesses and economic growth and also gave the city an opportunity to acknowledge Khaled’s efforts. More from WSVN.
Tampa is the best city to invest in short-term rentals, analysis finds
Tampa took the top spot because of its 71.6% property value increase over the past five years — 55% higher than the median city in the study. According to the study, the area boasts 16,020 property listings — triple the median — a 44.8% Airbnb occupancy rate and $52,705 average annual Airbnb revenue. More from the Tampa Bay Business Journal.
New Rayonier CEO sees improving trends
As he begins his tenure as chief executive of Rayonier Inc., Mark McHugh sees trends improving for the timber and real estate company. “On the real estate front, we’ve been pleased by the continued strong demand for our rural land and development properties despite the higher interest rate environment,” he said. More from the Jacksonville Daily Record.
Orlando Museum of Art receives welcome $510,000 from Council of 101
One of Orlando Museum of Art’s fundraising groups has made its largest donation ever to the Loch Haven Park institution — a welcome development as the museum grapples with its finances. The Council of 101, a volunteer fundraising committee established in 1965, presented $510,000 to the century-old museum, OMA announced Thursday morning. More from the Orlando Sentinel.
Out of the Box
Arcade champs duel in court over recordings
Florida Supreme Court justices heard arguments Wednesday involving two arcade-game champs — but the case isn’t focused on who’s the grandmaster of Pac-Man. Justices are grappling instead with whether gamer David Race, who lives in Ohio, violated Florida law when he secretly recorded fellow gamer Billy Mitchell without the Broward County resident’s permission. Florida is one of 11 states that require all parties to consent to being recorded.
» More from the News Service of Florida.
Sports Business
Atlantic Sun Conference relocating conference headquarters to Jacksonville
The Atlantic Sun Conference (ASUN) is relocating from Atlanta to Jacksonville this fall, making the announcement on Wednesday afternoon at City Hall. The city also packaged the creation of the Jacksonville Sports Foundation with the news, reinforcing the area’s commitment to boost sports tourism and bolster the appeal of the region.
» Read more from News 4 Jax and the Florida Times-Union.
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