Tuesday's Afternoon Update – Florida Trend
Unfettered building, scant oversight add to cost of hurricanes
In the wake of a ferocious storm season, Reuters finds that homes built in violation of flood-mitigation rules add to the billions of dollars in claims on the already-broke federal flood insurance program. Monroe County, Florida, where FEMA spent decades trying to eliminate illegal construction, shows why so many known problems persist. More from Reuters.
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Influx: More Puerto Ricans are migrating to Florida
Today, there are nearly 1.1 million Puerto Ricans living in Florida — roughly the same as in New York and more than twice as many as in any other U.S. state. There are more than 400,000 Puerto Ricans living in metro Orlando alone, which soon is likely to surpass New York City as the city with the most Puerto Rican residents. Full story here.
Florida company chosen for Atlanta project
Artefact Studio, with offices in Fort Myers and Miami, was commissioned to design a mixed-use commercial project near Hartsfield-Jackson Atlanta International Airport. The three-story development will include shops on the ground floor; retail and office space on the second floor; and office space on the third floor. More from the Business Observer.
Palm Beach company acquires CenterState Bank’s personal trust business
A Palm Beach-based investment management company plans to acquire the personal trust business of CenterState Bank. Cypress Trust Company, which focuses on serving as a corporate trustee or agent during estate settlements, said the acquisition will expand the company’s presence in Jacksonville. More from South Florida Business Journal.
Tampa forum focuses on reforming Florida’s juvenile justice system
Changing the way Florida treats juvenile offenders was the focus of a public forum on criminal justice reform in Tampa Monday night. More than 50 activists, lawyers, students, and residents attended the forum at the Dr. Martin Luther