Economic Impact of Red Tide

Congressman Vern Buchanan held a round table discussion with a small group of area businesses on the economic impact of Red Tide on Friday, August 24th 2018.

Red Tide has hit the Gulf coast of Florida and reached Anna Maria Island about 2 weeks ago.

Dr. Crosby, the CEO of Mote Marine, explained the scientific side of it. Red Tide is a natural phenomenon and the severity of the bloom might be influenced by humane impact in form of terrestrial water runoff. The main focus is to forecast and control the blooms of Red Tide. The existence of this algae has been documented for centuries and the field is usually located about 30 miles offshore. If scientists can control and attack an outbreak before it reaches the shore the devastating effect on marine life, people and tourism could be prevented. Also, being able to forecast the movement of Red Tide will help the coastal communities.

Congressman Buchanan (right) listens to Dr. Crosby’s (left) Red Tide summary.

Island Impact of Red Tide

Duncan Real Estate represented the only real estate company on Anna Maria Island to discuss this year’s outbreak and the effects on the real estate market. The biggest battle is conveying the most accurate information. Social media and general misinformation can spread improper details about the situation. Red Tide is influenced by wind and currents and daily changes occur.

The impact on the vacation rentals and other tourism related businesses like island restaurants, shops and water sport activities has been immediate. Rental owners and management companies are using their discretion regarding their guest reservations.

Daily Updates

Team Duncan offers daily updates on our beach conditions. One of our team members is checking the beaches in the morning for the most accurate report.

Additional information regarding the beach conditions can be found on various sites.