In reading comments in area newspapers and on social media lately, the Volusia County half-cent sales tax increase is dead in the water.
We will find out later whether those comments are coming from the vocal minority or majority.
Despite county and municipal governments trying to show exactly what the money will be spent on, there is way too much distrust of the government. That’s not a good thing, of course, because the whole idea of the plan is to improve transit in Volusia County.
One issue that no one seems to mention, other than government already gets enough money, is the cost of improving roads, and anything else to do with construction, has gone up sharply. The National Highway Construction Cost Index has risen more than 75 percent since 2003.
Just think if your taxes had gone up that much. If you’re like me, you couldn’t afford your home anymore. Fortunately that hasn’t happened. Taxes have only gone up slightly in Volusia, especially since the Great Recession. It’s only been in the past year that local governments have started trying to raise taxes.
In the meantime, the cost of building all of those roads, bridges, paths and sidewalks kept going up.
So, if you haven’t mailed your ballot in yet, remember the local governments will continue to try improving roadways with the money available, but you can bet it won’t be much. Traffic, however, will continue to grow.
Transactional real estate business has picked up recently, led by Blue Waters Hospitality of Ocean City, Md., buying the Mayan Inn for $10.55 million.
Erie, Pa.-based 4Front Solutions has bought Conelec Electronics plant at DeLand Crossings industrial park on Interstate 4 and State Road 44 for $6.3 million.
Winter Garden self-storage operator has acquired the La Mesa RV property on North Tomoka Farms Road in Daytona Beach for $4.325 million.
Meyer Metz Restaurants of West Palm Beach have divested their area Denny’s properties, selling the one at 1830 SR 44 in New Smyrna Beach for $1.83 million, the one at 1641 Dunlawton Ave. in Port Orange for $1.43 million and the commercial condo at 3162 S. Atlantic Ave. in Daytona Beach Shores to local Realtor Crystal Anderson for $550,000.
Development properties are getting snapped up, too. A Conn.-based investment firm has bought lot one at Granada Pointe in Ormond Beach for $1.365 million. A Charlotte, N.C., developer has bought land for an Extended Stay America motel at 275 Interchange Blvd. in Ormond Beach for $975,000. Atlantic Acquisitions of Lake Mary has bought a development site on Clyde Morris Blvd. in Daytona Beach from Consolidated-Tomoka Land Co. for $710,000.
On a final note, here’s some miscellaneous stuff. Although it was just reported by US Today, the CVS Pharmacy at Beville Road and Clyde Morris Boulevard in Daytona Beach, closed a while back. D.R. Horton wants to put a 148-lot subdivision in southwest Orange City, west of U.S. 17/92 and south of West Rhode Island Avenue. Construction is starting on five more buildings at Springview Industrial Park in DeBary. An Ormond Beach dentist, Dr. Gladston Silva, bought the first office building in the new office park just north of Integra Breeze apartments for $762,500. California owner of old Oceanbreeze Motel at 400 S. Atlantic Ave. in Daytona Beach starting demolition. No word on anything to replace it. You really don't think about McDonald's building too many new restaurants these days, but one is in the permitting process at Halifax Crossings at State Road 472 and I-4 in Deltona.
A correction for a brain spasm I had last week. The hotel on Journey’s End Way in Port Orange is a Country Inn & Suites.
Managing Editor Cecil G. Brumley has been tracking business and the economy in Volusia County for more than 22 years. Contact him at firstname.lastname@example.org (no hyphen) or follow him on Twitter @cecilbrumley.