Naples Real Estate

iROX is here!!! Whether that is good news or bad may depend on how much traveling you do on Interstate 75. The term iROX comes from I-75 Road Expansion, and gives a spiffy name to this huge $470 million project in Southwest Florida. Thirty miles of the road will be expanded from four lanes to six lanes, beginning in Collier County at the Golden Gate Parkway exit and extending into Lee County at Colonial Boulevard. Drivers should expect delays, however officials of the expansion stated that they do not plan any lane closures during the busiest hours from 8:00 A.M. until 5: P.M. Completion of the project is scheduled for late 2010.

Part of the field for the 2007 Merril Lynch Shootout has been announced and it starts with this year’s Masters Champion, Zach Johnson. But it doesn’t end there. Four other members of the victorious President’s Cup team that defeated the International team in September will also be compeating: Scott Verplank, Woody Austin, Charles Howell III, and Stewart Cink. Also in the field for this two-man team event are fan favorites, Fred Couples, John Daly, Fred Funk, and Chris DiMarco. The event, hosted by Greg Norman, will be held December 5-9 at the Tiburon Golf Club in Naples, and broadcast on the Golf Channel and NBC.

It’s not all doom and gloom for the housing market in Southwest Florida. At least according to one prominent economist. Henry Fishkind, of Fishkind & Associates, informed his audience at the Southwest Florida Economic Outlook Conference last month that he believes that the market has hit its bottom. One reason for this optimism is the general good health of other sectors of the economy in the area. He did add however, that the slump will not have an immediate end because of the vast inventory of homes presently listed for sale.