Fort Worth, TX (WiredPRNews) — Real Estate Market ‘Bombs’ in Florida -Property owners have discovered that their homes sit on a former WWII bombing range and that unexploded shells sit just beneath the surface.
According to an Associated Press article that appeared on the FoxNews.com website on September 17, 2008, residents of near the Orlando International Airport learned about the problem after the Army Corps of Engineers swept the area for bombs last year. While the there is little chance of the duds detonating, according to the article, homeowners are deeply concerned about what this discovery will do to their already falling real estate values.
Florida, along with California, have been hit hardest by the nation’s housing slump. The discovery has ignited a panic among the residents, according to the article, who fear that the having 63-year-old bombs in the soil of their property will further erode their real estate values.
One of the munitions – discovered in the jumping pit of a middle school’s track-started to burn when an Army Corps of Engineers’ contractor disturbed it, according to the article. The contractor was injured but the bomb did not explode.
A similar case happened several years ago in Arlington, Texas when practice bombs were discovered in the soil of a soon-to-be-developed subdivision, according to the article. The discovery spawned lawsuits and a 2005 clean up effort that is still going on.
As far as who’s to blame, it depends on who you ask. The Corps says that the information about the long extinct bomb range has been available in public records for many years, the article stated, while the homebuilder blames the local officials for not disclosing the problem in advance.http://www.foxnews.com/story/0,2933,424243,00.html <http://www.foxnews.com/story/0,2933,424243,00.html>