Palm Coast Will Optimize Its 50 Traffic Signals, But No: They Still Won’t Be Synchronized | FlaglerLive
Palm Coast is about to optimize its 50 traffic signals. But don’t get too excited. Optimization is not synchronization. But once accomplished, the optimization will still make it more efficient and less frustrating for drivers to get through intersections.
Tuesday evening the Palm Coast City Council was expected to approve a $55,000 study by DRMP, an Orlando-based engineering firm that focuses on traffic signals, to analyze the city’s system and propose improvements. The actual improvements will cost more, but the city has budgeted $550,000 for traffic signal improvements in 2015. The city is hoping to have the project partially completed by the time the six-laning on Palm Coast Parkway is done: drivers will notice the changes along that road, which will be first to be optimized.
City Manager Jim Landon explained to the council last week why the study and the improvements were necessary—chiefly, to reduce wait times at individual intersections. But he was quick to caution against false expectations.
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Golfers raise money for hospital | Ormond Beach Observer
The Halifax Plantation Golf Association hosted the third annual golf tournament on Oct. 16 to benefit the Florida Hospital Pink Army.
This year, 88 men and women played in the Ormond Beach golf tournament, which raised nearly $4,000 for both Florida Hospital Flagler and Florida Hospital Memorial Medical Center to help provide mammograms and other diagnostic procedures. Additionally, funds raised this year will also help support men with prostate cancer.
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After Equity Boom, Many Owners Still Stuck
Home appreciation has slowed drastically since last year’s rapid rise, and for some home owners, prices just haven’t risen enough. That leaves many seriously underwater, owing more on their mortgage than their home is currently worth.
Indeed, 15 percent of all homes with a mortgage remain in negative equity territory—that is, owing at least 25 percent or more on their mortgage than the resale value of the home, according to RealtyTrac data. On average, underwater home owners have an outstanding balance of $375,000 or more on a $300,000 property, or average outstanding balance of $500,000 or more on a $400,000 house.
Home prices have been rising since the recovery began in 2012, but despite the inceases, 8.1 million homes remain seriously underwater. This means that many home owners remain mostly stuck, unable to sell their home or refinance it until prices rise even more.
The bulk of negative equity home owners are lumped in a few states, where home prices had fallen by some of the highest amounts during the housing crisis and therefore have some of the largest amounts to make…READ THE REST HERE