Replies to post #9110 on Phoenix Associates Land Syndicate (fka PBLSQ)

[starboy]

Kelly, much fine work and digging and posting there.

It's not too much to ask of PBLS at this point for at least a sand & gravel update with numbers to digest, so we can get a feel for what kind of revenue is coming PBLS's way at the very minimum.

[The_Free_Nebula]

I did not say they weren't. I'd like to see something that officially says they are...Has to be lots of new contracts written after the disaster...Are you telling me those contracts would not be raised to the level of a public PR? So if they are invovled and I am not saying they aren't then they should PR some deal some how...It is not an unusuall thought.

I remember how some many post talked about the value of the sand and gravel but the only PRs the company put out was about oil field half way acrossed the country. That's great but where is the NO Beef?...

TFN

[stilltrying]

kelly leak - I, too, find your DD impressive.

Your thread on ICC I believe to be factually correct. But do not forget that you are discussing the City of New Orleans, a place where the rules do not always work so normally.

First off, you pointed out that the City has to declare the property substantially damaged for the ICC coverage to pay. My opinion is this will not happed on a large scale.

Why? I am glad you asked.

My opinion is that the cost to complete such a task is considerably more that the coverage offered on the flood policy. As we have seen, it is mostly the poorest areas affected by the flooding.

If a property is declared substantially damaged, and the owner can not borrow the balance of the money and does not have it on her/his own, the property will not be repaired and will, most likely, remain blighted.

I do not think the City wants this to happen and will maneuver around this situation in their usual tactless but graceful manner.

As for FEMA contracts and rebuilding, I hope that if PBLS has a FEMA contract, it is directly with FEMA.

In talking to some FEMA contractors on the ground, the only ones making any money are the ones at the top of the FEMA food chain. Most of the actual workers are subs of subs of subs.... You get the picture.

Remember, FEMA is the flood insurance. It is no wonder both of these topics are equally messed up.

Management has demonstrated the ability to navigate these types of situations time and time again. IMO they will get a big piece of the ICC funds and a big piece of the construction, but it will come from contracts with property owners, not government bureaucrats.

I think they are going to let individuals fight their battles to collect whatever funds they can, then come in and contract, profitably, with those who have collected and need to make repairs.