Risk-Taking Homebuyers Flood Fort Myers, Beach, Florida in Hurricanes’ Wake

Bloomberg Television published this video item, entitled “Risk-Taking Homebuyers Flood Fort Myers, Beach, Florida in Hurricanes’ Wake” – below is their description.

Fort Myers Beach, Florida suffered the wrath of Hurricane Ian one year ago. The storm swept away a third of the homes and businesses on the narrow, 6.5-mile-long strip of sand, leaving a blank canvas for affluent newcomers who can afford to build stronger structures to face future storms. Michael Smith has the details in today’s “Big Take” on Bloomberg Television.

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In This Story: Florida

Florida is the southeasternmost U.S. state, with the Atlantic on one side and the Gulf of Mexico on the other. It has hundreds of miles of beaches. The city of Miami is known for its Latin-American cultural influences and notable arts scene, as well as its nightlife, especially in upscale South Beach. Orlando is famed for theme parks, including Walt Disney World.

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Hurricane Ian made landfall in Florida on 28 September 2022, as the storm was approaching a category 5 storm – it was category 4 on making landfall, and afterwards reduced to category 3. The storm surges in the South-Western coastal regions of Florida, USA, where landfall was first made have broken records, making it one of the most powerful hurricanes ever recorded in the region.

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