The Real Deal Miami

Crist order could pave way for

July 22, 2010 12:00PM

An executive order signed by Gov. Charlie Crist yesterday could mean
that Florida home and business owners who have lost property value
because of the oil spill will be able to make claims for the lost value
against BP. Under the order, property appraisers in the 26 counties
under a state of emergency would offer owners a mid-year reassessment of
their properties. If a property owner lost value during the spill, a
claim could be made against BP for loss of value. The reassessments are
not required, but merely authorized by the order. Palm Beach County was
added to the list eligible for financial aid in June because of concerns
that oil could hit its eastern shores, but so far none has arrived. BP
officials declined to comment. [Palm
Beach Post]