“Business plummets by 90%” and no help from BP says Gulf Coast restaurant owner

As businesses collapse, claimants still waiting for checks from BP, Los Angeles Times, June 13, 2010:

Just a few miles east of Reynolds’ Gulf Shores condos, restaurant owner Matt Shipp has seen his Orange Beach business plummet by 90%,… will he get the money, he asked BP’s adjuster, the fourth one to whom he had been passed.

“He said, ‘I don’t know,’ ” Shipp said. “I said, ‘Who will send it to me?’ He said, ‘I don’t know.’ I said, ‘Is it a check? A bank transfer?’ He said, ‘I don’t know.’ As of today, I still don’t have the funds. And that’s only May. What about June? It’s been even worse in June.” …

[T]he Gulf of Mexico, one of the nation’s most important fisheries and tourist destinations, became an industrial cleanup site. …About the only business that’s doing well is short-term rentals to contractors flooding into town to clean up the beach and the bay. But selling real estate? Forget it, agents say.


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