30 years ago
Declining mortgage rates bring realty optimism
Realtors expect a good season, with tumbling mortgage rates and a buyer's market the leading causes. John Trusler, president of Marco Island Area Board of Realtors, said the market has strengthened and there is a general feeling of confidence in the economy. Trusler and other realtors think the real estate prices on Marco have bottomed out. From a high of 18 percent, interest rates on fixed mortgages have dropped to 13 1/2 percent and 10 percent on graduated interest mortgages. Trusler didn't expect rates to drop much lower.
Collier County Tax Collector Guy Carlton reported a record tax collection of $10.1 million on the last day of November. Much higher than the $4.5 million record a year ago. He credits a new tax collection procedure that he said will save county taxpayers $200,000.
Prominent tennis names, Stan Smith, Fred Stolle, Roy Emerson and Marty Riesen have committed to play in the $100,000 Pinch Scotch Men's Tennis Tournament, beginning Dec. 15 at Marriott's Marco Beach Resort.
Members of the Collier County Conservancy have voted to shorten its name to The Conservancy, Inc. Organized in 1964, The Conservancy merged with the Big Cypress Nature Center, which became a division of The Conservancy. Members felt over the years that confusion was created by the use of Collier County. On Nov. 24 it became The Conservancy. The move, hopefully, will end confusion and encourage more to take part in its activities and services. Among its newest additions is the Briggs Nature Center on Shell Point Road, off SR 951.
Philip Lipstate Jr., a member of the Marco Island U.S. Coast Guard Auxiliary, Flotilla 95, has been appointed to the national staff. On Jan. 1 he will assume his duties as chief of the proof reading branch. He will assist the editor on the Auxiliary's national publication. He is the first member of Flotilla 95 to serve on the national staff.