Listening to Indian River Shores leaders complain to Florida Public Service Commission members, and to anyone else who will listen, you could easily get the impression Vero Beach’s electric rates are driving away prospect home buyers.
However, based on property sales information presented in a recent news report, assertions that the Shores is teetering on the verge of another real estate collapse seem wholly disconnected from reality. According to John’s Island Real Estate Owner/Broker, Bob Gibb, his company closed a record $23 million in sales in July.
In explaining why buyers continue to see real estate in John’s Island as a good investment, Gibb cited the Club’s recent $10 million investment in renovations to a 55,000-square-foot golf club house.
Is this the same community whose leaders claim to be oppressed because they are being charged electric rates well within the statewide average? Is this the same community whose leaders seek to saddle others with higher electric rates and higher taxes, just so they can become customers of Florida Power & Light? Is this the community whose leaders have spent some $1 million dollars dragging their neighboring community through court? Is this the community whose leaders now propose to spend even more money appealing a recent PSC decision to the Florida Supreme Court? Is this the same community whose leaders are now raising campaign contributions, in $1000 increments, to influence the outcome of Vero Beach’s municipal election?
Shame on them!