Posted on: November 1, 2013
At MSR Americas we pay close attention to what’s going on in the communities we invest in, particularly around the Orlando Florida area. That’s why we are pleased to learn about the plan to kick-start restoration work on Florida’s fresh water springs.
The announcement focuses on Florida’s growth and sustainability—and that’s a good sign for those looking to buy investment properties in Florida. The state has allocated $37 million to start the restoration of the landmark springs which provide water to 60% of Florida residents. The Florida springs are a draw for both tourists and locals, offering spots for swimming, kayaking, and canoeing, as well as guided boat tours of the springs. Improper wastewater management has been polluting this natural resource, but Florida has created a plan to help clean up and maintain the beauty of the springs.
What the plan covers:
The plan funding includes $11 million from Florida’s Families First and the Department of Environmental Protection and $26 million from local governments to upgrade a wastewater plant and to reroute waste water to a nearby golf course for irrigation.
How it can impact home values:
The springs are located in Central and Northern Florida; some are just a short drive from the greater Orlando area. This investment into Florida’s sustainability will have a lasting impact on the communities in the area. Protecting Florida’s natural resource will promote continual tourism of the springs and proper maintenance and restoration of the springs will improve the quality of life for residents. This can have a significant positive impact on the home values in Florida.
The spring restoration efforts are a top priority for Florida’s Governor Rick Scott who has promised to make springs-friendly legislation a priority in next year’s session of the Legislature. Florida’s fresh water preservation plans as well as the recent transit improvements are important steps in improving the Orlando area and increasing the value of Florida homes.
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Image source: www.floridasprings.org