Originally published on Mon August 12, 2013 11:49 am
Vacationers staying in a luxury villa in central Florida awoke to creaking and crashing sounds Sunday night, as the three-story building they were staying in began to collapse. A large portion of the structure was pulled into a sinkhole at the Summer Bay Resort near Disney World. It seems the process was slow enough that it allowed everyone in the building to get out safely.
The recent spate of sinkhole activity in Southwest Florida -- including a fatal sinkhole in Tampa earlier this month -- has shed light on the state's geologic anomaly. But how do sinkholes impact state economic factors like property insurance and home sales?