Island Eye News - January 6, 2017
Island Eye News - January 6, 2017
Island Eye News - January 6, 2017
PRESORT STANDARD
US POSTAGE PAID
CHARLESTON, SC
PERMIT NO 437
POSTAL PATRON
Volume 12 Issue 19
Sullivans Island
FREE
January 6, 2017
Isle of Palms
Saying goodbye
to 2016
XI I
XI
I
II
X
IX
III
I
I
IV
V
NATURAL
ART ON
DEWEES
Pg 17
CIVIC
January 6, 2017
January 6, 2017
Dear Editor,
Your Beach Renourishment assessment, levied
by the Wild Dunes Community Association is
unfair. I doubt that any resident of the IOP is
against renourishing our beach but the cost
should be shared by every property owner on
the Island. Why are the property owners of Wild
Dunes singled out for such an expensive special
assessment? Perhaps you think we are all very
publisher
Amy Mercer
[email protected]
managing editor
Monday, January 9
Real Property Committee
9:30 a.m.
1207 Palm Boulevard
Public Safety Committee
2 p.m.
1207 Palm Boulevard
Tuesday, January 17
Ways & Means Committee
5 p.m.
1207 Palm Boulevard
Jennifer Tuohy
[email protected]
contributing editor
Swan Richards
senior graphic designer
Alejandro Ferreyros
graphic designer
Christian LeBlanc
[email protected]
social media
Steve Rosamilia
photographer
Susan Smith
Mimi Wood
CIVIC CALENDAR
Isle of Palms
886.6428
www.iop.net
Publisher of the
The Island Eye News
and The Island Connection
Lynn Pierotti
[email protected]
All letters submitted to The Island Eye News must bear a full name, address and phone number for verification. Only
the authors name and city will be printed. Submissions are accepted via email to [email protected] or mail to
PO. Box 837, Sullivans Island, SC 29482.
Letters may be edited for length and readability. The Island Eye News reserves the right to reject letters that are
libelous, unseemly, not individually addressed to The Island Eye News or that have been previously published
elsewhere. The Island Eye News will not publish letters endorsing political candidates.
Monday, January 16
All City Offices CLOSED
staff writers
CONTRIBUTORS
Bob Hooper
Nadja Vandenberg
Marilyn Markel
Alison Geer
Kim Keelor
Sarah Reynolds
Dimi Matouchev
PUBLISHED BY
Lucky Dog Publishing
of South Carolina, LLC
P.O. Box 837
Sullivans Island, SC 29482
843-886-NEWS
Submit your letters to the editor to:
[email protected]
Sullivan's Island
883.3198
www.sullivansisland-sc.com
DEADLINE:
JANUARY 11 for our
JANUARY 20 issue
Tuesday, January 10
Municipal Court
5:30 p.m.
2050 Middle Street
Tuesday, January 17
Regular Council Meeting
6 p.m.
2050 Middle Street
Wednesday, January 11
Planning Commission
6 p.m.
2050 Middle Street
Wednesday, January 18
DRB Meeting
6 p.m.
2050-B Middle Street
Thursday, January 12
Water & Sewer Committee
8:30 a.m.
2050 Middle Street
www.islandeyenews.com
XI I
XI
I
II
X
IX
III
I
I
IV
V
JANUARY 23
Wild Dunes Author Event
Andie MacDowell and Mary Alice Monroe signed copies of The
Beach House at the 10th Annual Wild Dunes Author Event.
Monroes novel is being turned into a film starring MacDowell.
The event has raised $50,000 over the last decade to support
literacy and education in the Lowcountry.
FEBRUARY 19
SIES goes Under the Sea
Friends of Sullivans Island
Elementary School held
a throwback Under the
Sea Prom to raise funds
to support the schools
enrichment programs. The
event raised over $67,000.
Pictured are Principal Susan
King and Mrs. Smith at the
party, which was held at the
Sand Dunes Club. The event
has raised $50,000 over
the last decade to support
literacy and education in the
Lowcountry.
FEBRUARY 20
Special Olympics Polar Plunge
The Windjammer on IOP hosted a Polar Plunge to
raise monies for the Special Olympics.
www.islandeyenews.com
January 6, 2017
January 6, 2017
MARCH 3
Town Hall Gets Topped Off
The crew who built Sullivans
Islands new Town Hall gets
the final beam ready for
the buildings topping off
ceremony. Marking the middle
of the project to construct a
new Town Hall for Sullivans
Island, the topping off
ceremony is a time to celebrate
the people who built the bones
of the structure.
FEBRUARY 17
Coyote Forum on IOP
Kim Kelly of the SC State
Director of the Humane Society
of the US, participated in the
IOP city hosted Community
Coyote Forum, which was
a chance for citizens' to
voice their concerns and ask
questions about the creatures
that have made both islands
their home.
MARCH 17
St. Patricks Day
St. Patricks Day
Celebrations are popular
on Sullivans Island,
which boasts the islands
only Irish bar and an
authentic Celtic heritage
thanks to its namesake
and erstwhile founder,
Florence OSullivan.
APRIL 6
IOP Methodists Serves Up Tea
For the 25th year in a row, IOPs First
Methodist Church welcomed visitors from
near and far to enjoy what is undoubtedly
one of the best Tea Rooms in the country!
Timeline continues on page 6
www.islandeyenews.com
7
XI I
XI
I
II
X
IX
III
I
I
IV
V
APRIL 7
The Islands get a Farmers Market
Sullivans Island launched its first Farmers Market, this month.
The small scale market offered fresh local produce and artisan
consumable as well as arts, crafts and music. Held in front of Poe
Library, the market was held every Thursday through June 30. It is
returning in 2017.
MAY 14
Mayor Carmen R. Bunch Park Dedicated
Mayor Carmen Bunchs memory is honored with the dedication
of a new park on IOP to the citys former Mayor, who served from
1986 to 2001. The park at 1801 Palm Blvd. contains 16 historic
live oaks and 63 palmetto trees.
JUNE 4
Sand Sculpting Shenanigans
Teams work hard in the sun and sand during the annual Piccolo
Spoleto Sand Sculpting Festival on IOPs Front Beach.
JUNE 25
Frying Some Fish for the Firefighters
Sullivans Islands Building Inspector Randy Robinson was
one of many islanders to volunteer his time at the Fire &
Rescue Departments annual fundraising fish fry.
MAY 31
IOP Introduces Parking
Restrictions
A new, much discussed plan
for managing the increasing
beach traffic on Isle of Palms
went into effect this summer.
By the close of the season the
City had spent $483,619 on the
plan and recouped $795,361
in parking-related revenue.
Deemed a success by almost
all involved, it will return next
year with a few minor tweaks,
and all the signs will stay put.
JUNE 27
Rescuing Sully
Sullivans Island Fire Department
teamed up with the Island Turtle
Team to help rescue a sickly
loggerhead turtle trapped behind a
rock wall near St. 9. Named Sully,
the turtle was transferred to the
South Carolina Aquarium Sea
Turtle Hospital, where he/she is
rapidly recovering to full health and
will hopefully be released in the
Spring. [Photo by Barb Bergwerf]
JUNE 28
Carolina Day
Revolutionary War reenactors at Fort Moultrie
gave visitors a glimpse of
the Battle for Sullivans
Island as part of Carolina
Day celebrations at the
end of June. Carolina Day
celebrates the defeat of
the British in 1776.
MAY 20
Fort Moultrie
Bioblitz
Avid ornithologists
Sullivans resident
Sarah Diaz and
Dewees Islands
Judy Fairchild
participate in
Fort Moultries
Bioblitz. Part of
a National Park
Service program
across the state,
the Bioblitz focused
on collecting an
inventory of bird
species, plants
and spiders on the
parks property. A
total of 95 species
were spotted at Fort
Moultrie.
www.islandeyenews.com
www.islandeyenews.com
January 6, 2017
XI I
XI
I
II
X
IX
III
I
I
IV
V
JULY 4
Fireworks
Fireworks on the beach are an annual tradition
on IOP. This year, thanks to high tides, the
beach itself was a little hard to find!
JULY
Windjammer Volleyball
Its not really summer until the start of the Windjammer
Volleyball league!
JULY 7
Dorothea Benton Frank at Battery Gadsden
Sullivans Islands very own New York Times bestselling author,
Dorothea Benton Frank, speaks to her fans, friends and neighbors
during a special event for the newly revitalized Battery Gadsden
Cultural Center.
www.islandeyenews.com
January 6, 2017
JULY 16
IOP Beach Run
300 racers turned out for the annual run, with IOP
resident Dalton Stubs winning the 5k race and IOPs
Haley Wagner taking the womens 10K.
AUGUST 2
National Night
Out
IOP PD celebrated
the Second
Annual National
Night Out
Celebration. Here,
North Charleston
Police Lt. Rick
Keys talks
with Thomas
Vandenberg.
AUGUST 6
IOP Exchange Club
Yard Sale
The annual yard sale,
hosted by the islands
oldest institution,
gave residents a
chance to hunt for
some bargains. Here,
Exchange Club
President Jonathan
Sullivan checks out
the goods.
AUGUST 27
National
Lighthouse Day
This popular
annual event
once again
drew lighthouse
aficionados from
around the country,
including Tammy
and Mike Wright,
pictured.
Timeline continues on page 10
www.islandeyenews.com
10
January 6, 2017
XI I
XI
I
II
X
IX
III
I
I
IV
V
SEPTEMBER 10
Turtle Trek
The inaugural Turtle Trek 5K race took place outside The
Windjammer on IOP. The event raised $53,000 for the South
Carolina Aquariums Sea Turtle Care Center.
SEPTEMBER 22
IOP Wellness Fair
Police Chief Buckhannon gets a flu shot at the 2016 IOP
Wellness Fair.
SEPTEMBER
Mex 1 Opens
A new restaurant arrives
on Sullivans Island,
in the space formerly
known as Station 22
(and Salt at Station 22).
The Mexican restaurant
is owned by IOP
residents Chrissy and
Dave Lorenz, and has a
sister establishment in
West Ashley.
OCTOBER 1
IOP Connector Run/Walk For
The Child
The annual run/walk over the
IOP Connector has occurred
every year since the bridge
opened in 1993, with the
exception of 2015, when
weather caused the events
cancellation. The run raises
funds for the core mission of
the Mount Pleasant and Isle of
Palms Exchange Clubs: to heal
and prevent childhood abuse.
OCTOBER 7
Hurricane Matthew
Hits
The former category 5
storm arrived on the
islands the evening of
Friday, Oct. 7 as a cat.
1. Despite wreaking
a path of destruction
as it bounced its way
up the East Coast,
Matthew was relatively
kind to the barrier
islands in terms of
property damage.
But its impact on our
shoreline prompted
both municipalities to
instigate sand scraping
to shore-up the dunes
and help protect
homes threatened by
the advancing ocean.
www.islandeyenews.com
January 6, 2017
NOVEMBER 7
Election Day
As Donald Trump and
Hillary Clinton duked it
out nationally, the barrier
islands were split too.
Sullivans island cast 420
votes for Clinton and 414
for Trump. Over on Isle of
Palms, Clinton took 649 to
Trumps 1,204.
OCTOBER 31
Town Hall Opens
After a few weather-related delays, the $3.9 million
Sullivans Island Town Hall opens for business. The
building is built to withstand a category 4 hurricane
(which is good news as a hurricane passed by a
few weeks earlier), and will serve as an Emergency
Operations Center for the town. During calmer times
the Town Hall is the touch point for residents for all
necessary town business.
NOVEMBER 12
The Dinghys
2nd Annual
Golf Cart
Parade
IOP watering
hole The Dinghy
hosted its 2nd
annual golf
cart parade as
part of its Local
Appreciation
Party.
DECEMBER 2
Porkchop at the
Library
Stacey Maxwell and
Laura Blanchette of
Porkchop productions
bring Christmas to
the Edgar Allen Poe
Library, in the form
of its production of
Christmas, the Measles
and Me.
Happy
2017
From The
Island
Eye News
DECEMBER 4
Santa at the Festival
Santa stops by the islands for a pre-Christmas Eve visit to the
IOP Holiday Festival.
www.islandeyenews.com
NOVEMBER 13
Art on the Beach
Art on the Beach and Chefs
in the Kitchen celebrated
its 17th outing this year.
Noted photographers Mark
Stetler and Caroline Knopf,
pictured, were among
the island residents who
opened their home to the
tour, which raises funds for
Charleston Pro Bono Legal
Services.
11
Price
Reduced
$1,680,000
You can now search properties in and around Charleston without giving your information.
No need to sign in. NO one is tracking you. NO one will contact you unless you generate the
conversation. Visit our new, updated website at sanddollarsc.com.
CHUCK
MIMMS
SARAH
VANBUREN CHURCH
EDY
MIMMS
CHAD
VINCENT
MEL
MILES
ELLIOTT
MIMMS
TROY
GANDEE
MARCI
SHORE
ALEJANDRO J.
FERREYROS
MOUNT PLEASANT
MOUNT PLEASANT
UNDER
CONTRACT
2402 PALM BOULEVARD
6 bedroom/6.5 baths
$5,800,000
2763 WATERPOINTE
4 bedroom/3F 3H bath
$529,000
$738,000
843.530.8100
SanddollarSC.com
January 6, 2017
13
BY AMY MERCER
www.islandeyenews.com
COMPUTER CORNER
Struggling to update?
BY BOB HOOPER
15
January 6, 2017
Seasons
of the
South
lined sheet pan and brush with melted butter. Bake for about
10-12 minutes until biscuits and sausage are cooked through.
Brush with butter and serve with jam or muscadine butter.
BISCUITS
Ingredients
2 cups soft white flour
2 tsp baking powder
tsp soda
tsp salt
tsp sugar
8 Tbsp (1 stick) cold butter, cubed
2/3 cup cold buttermilk
Directions
1. Whisk dry ingredients.
2. With a pastry blender or fingers, cut in cold shortening until
coarse with a few lumps.
3. Stir in buttermilk with a spatula until a loose ball forms.
4. Do not over-mix.
5. Quickly turn onto a floured board and knead 4 turns.
16
January 6, 2017
BY ALISON GEER
Jimmy Ward has directed and written numerous productions for over
20 years. This will celebrate the return of the Crabpot Players to their
original venue where they performed The Last Meeting of the Knights
of the White Magnolias as their first production. In a 2015 interview
with the Charleston City Paper, Ward said he did the play at The
Windjammer on a lark and that he had no idea the community theater
he launched would be around for more than 20 years.
The Crabpot Players, under the direction of Jimmy Ward, will perform
the play The Last Meeting of the Nights of the White Magnolia. The
play will take place at the Windjammer on the front beach of Isle of
Palms. Show dates are Jan. 10 12 and Jan. 16 19, with doors
opening at 6:30 p.m. and show starting at 7:30 p.m. each night. Tickets
are $10 in advance and can be purchased at the Windjammer or on
their website www.the-windjammer.com.
www.islandeyenews.com
January 6, 2017
17
www.islandeyenews.com
January 7
ONGOING
Mondays
WHAT: Memoir Writing Circle
WHERE: CCPL Poe Branch
Library, 1921 Ion Avenue
WHEN: 10:30 a.m.
MORE INFO: Come and share
your stories. 843.883.3914.
Tuesdays
WHAT: Toddler Storytime
WHERE: CCPL Poe Branch
Library, 1921 I'on Avenue
WHEN: 10:30 a.m.
MORE INFO: Join Mrs. Marie for
stories and songs. 843.883.3914.
WHAT: Team Trivia
WHERE: Home Team BBQ,
Sullivan's Island
WHEN: 8 to 10 p.m.
MORE INFO: info@hometeambbq.
com
Thursdays
WHAT: Mah Jongg Nights
(adults)
WHERE: CCPL Poe Branch
Library, 1921 Ion Avenue
WHEN: 5:30 to 8 p.m.
MORE INFO: Learn to play
American Mah Jongg. Join us
for a couple rounds or the whole
evening. 843.883.3914.
Fridays
WHAT: Open House Steak Night
WHERE: VFW Post 3137
Saturdays
WHAT: Harry Potter VIII ReadAloud Series (Teens and Adults)
WHERE: CCPL Poe Branch
Library, 1921 Ion Avenue.
WHEN: 12:30 p.m. Jan. 7, 14, 21,
and 28
MORE INFO: Cant get tickets
to the London play Harry Potter
and the Cursed Child? Join us
as we revisit Harrys exciting and
dramatic wizarding world! We
will read one act per Saturday
in January. Call for details and
to reserve your copy, and start
rehearsing today! 843.883.3914.
Saturday, January 7
WHAT: Arts and Crafts with Ms.
Grace (Children)
WHERE: CCPL Poe Branch
Library, 1921 Ion Avenue
WHEN: 10:00 a.m.
MORE INFO: Ms. Grace helps
young hands create fun paper
and felt projects. 843.883.3914.
Sunday, January 8
WHAT: Second Sunday on King
Street
WHEN: 1-5 p.m.
WHERE: King Street
MORE INFO: Come enjoy your
Sunday afternoon shopping and
socializing on King Street. This
month features new product
launches, lots of great sales, great
food, and more! There will be
events and activities, shopping,
food and wine, and more!
Thursday, January 12
WHAT: Palmetto Islands
Bird Walks
WHERE: Palmetto Islands
County Park
WHEN: 8:30 a.m.-10:30 a.m.
MORE INFO: Birding experts will
help identify and count songbirds,
birds of prey, wading birds, and
others found along the park's
many trails. A registered and
paid chaperone is required for
participants ages 15 and under.
Course # 48599. Age: 9 & up.
PRICE: $9/$7 CCR Discount/$5
Move IT Pass Holder.
Saturday, January 14
WHAT: STAR Therapy Dogs
(Children)
WHERE:Edgar Allan Poe Branch
Library, 1921 I'on Avenue
WHEN: 10:30 a.m.
MORE INFO: Share books with a
furry friend. 843.883.3914.
WHAT: STAR Therapy Dogs
(Children)
WHERE:Edgar Allan Poe Branch
Library, 1921 Ion Avenue
WHEN: 10:30 a.m.
MORE INFO: Share books with a
furry friend. 843.883.3914.
WHAT: Southern Fried Chicken
Challenge
WHERE: The Grove at Patriots
Point
WHEN: 1-6 p.m.
MORE INFO: Tickets
and more info at:
SouthernFriedChickenChallenge.
com.
Is l a nd E y e C a l e nda r
WHAT: Justin Willman
Magician/Comedian
WHEN: 8 p.m.
WHERE: Sottile Theater
MORE INFO: Justin is a
regular on Ellen, Conan and
Comedy Central. 100% of
proceeds benefits Hallie Hill
Animal Sanctuary, a non-profit
organization in Charleston that
provides shelter, medical care
and adoption to hundreds of
animals. Tickets available at
Willmantickets.com.
Tuesday, January 17
Thursday, January 19
Friday, January 20
January 28
Savor winter dishes with beer
complements ranging from pilsner
to porter. Musical entertainment
by Graham Whorley. Tickets are
available at www.middletonplace.
org or by calling 843-266-7477.
PRICE: $85/Adult.
Sunday, January 22
Saturday, January 21
Saturday, January 28
ouve read the first seven books, and youve seen all the movies,
including the latest Fantastic Beasts and Where to Find Them.
However, few of us have crossed the Atlantic to experience
Harry Potter and the Cursed Child by J.K. Rowling, Jack Thorne and
John Tiffany. Billed as the eighth story of the Harry Potter series, the
play opened in Londons West End in the summer of 2016, to great
acclaim. Sadly, it wont make it to Broadway and beyond until 2018,
but in the meantime, we can still have a little fun with it.
The play, recommended for ages 12 and up because of some intense
story content, picks up nineteen years after Harry Potter and the
Deathly Hallows. Harry has new roles as father of three, husband of
Ginny Weasley and an overworked employee at the Ministry of Magic.
His youngest son, Albus, struggles with the weight of his family name
and being sorted in to the House of Slytherin at Hogwarts, in contrast
to his Gryffindor parents and siblings. Befriending Draco Malfoys
son Scorpius, Albus sets his own course down plot-twisting roads
that rival a Shakespeare play, complicated by present woes and past
tragedies, and facilitated by an ill-gotten Time Turner.
As we learned in high school English classes, reading a play is not
the thing. We invite you to help us bring this story to life through
read-aloud performance and the sharing of roles (of which there are
many). We will read one act per week on Saturdays in January.
Come to the Edgar Allan Poe Branch Library, 1921 Ion Avenue,
Sullivans Island, at 12:30 p.m. on Saturdays, January 7, 14, 21, and
28 and be a part of our fun read-aloud series for Harry Potter and the
Cursed Child. Light refreshments will be served bring your favorite
Harry Potter-themed treat to share. Email [email protected] or call 843883-3914 to reserve your copy and start rehearsing today.
20
January 6, 2017
www.islandeyenews.com
January 6, 2017
21
BY SARAH REYNOLDS
We now
build
websites!
www.islandeyenews.com
843-883-9101
Beard Cats
Gelato made from locally sourced
ingredients, and coffee shop that
sits below Obstinate Daughter. $
416-5020
www.beardcatsweetshop.com
2063 Middle St, Sullivans Island
Ben & Jerrys
Enjoy an array of ice cream
flavors, from Chocolate Therapy,
to Peach Cobbler on Isle of Palms
Front Beach. $
886-6314
www.benandjerrys.com
1009 Ocean Blvd, Isle of Palms
The Boathouse
Fresh, local seafood, and
phenomenal sunset views from
the upper deck on Breach Inlet.
$$-$$$
886.8000
www.boathouserestaurants.com
101 Palm Blvd, Isle of Palms
Coconut Joes &
Island Joes Coffee
Spectacular views of the Atlantic
on the rooftop bar and live music
every night during the summer.
$-$$. Island Joes next door
featuring coffee and ice cream. $
886-0046
www.coconutjoes.biz
1120 Ocean Blvd, Isle of Palms
The Co-Op
A gourmet deli specializing in
breakfast and lunch sandwiches
as well as local coffee. Enjoy
pantry staples including beer
and wine along with locally made
products and house made take
and go meals. Open 7 days a
week. Delivery available. $
882-8088
www.thecoopsi.com
island eats
2019 Middle St, Sullivan's Island
The Dinghy
Laid back Key West Vibe, great
food options, unique beers on
tap, spacious side porch, and live
music. $-$$
242-8310
www.dinghyiop.com
8 JC Long Blvd, Isle of Palms
Dunleavys Irish Pub
The islands only Irish Pub.
Famous burgers, Irish fare,
favorite locals hangout for over
20 years. $$
883-9646
www.dunleavysonsullivans.com
2213 Middle St, Sullivans Island
High Thyme
A small island bistro, with a wide
range of dishes, from seafood,
tapas on Tuesday, and a Sunday
brunch. $$-$$$
883-3536
www.highthymecuisine.com
2213 Middle St, Sullivans Island
Poes Tavern
Famous for their gourmet
burgers and chicken sandwiches,
this Poe-inspired eatery also
features great deals on fresh fish
tacos. $$
883-0083
www.longislandcafesc.com
2210 Middle St, Sullivans Island
Refuge
Enjoy morning coffee with fresh
bagels and pastries from the
coffee bar and dinner or lunch
at the restaurant along with
signature cocktails.
www.therefugeiop.com
1517 Palm Blvd., Isle of Palms
Sullivans
Grab a casual dinner of fried
flounder or crab cakes in a cozy
atmosphere as well as lunch on
the weekends. $$
883-3222
www.saltstation22.com
2019 Middle St, Sullivans Island
Windjammer
Lively spot with a bar menu,
a deck overlooking the water,
and beach volleyball court out
back.$-$$
886-8596
www.the-windjammer.com
1008 Ocean Blvd, Isle of Palms
off-island eats
Bacco
Regional Italian restaurant
featuring fresh pastas, fior di latte
mozzarella and Neapolitan style
pizzas from the wood burning oven.
$$$
843.884.6969
www.baccocharleston.com
976 Houston Northcutt Blvd., Mt.
Pleasant
Bistro Toulouse
Classic French cuisine, fine wines
and creative cocktails. Menu
highlights include Crepes, Mussels,
Cassoulet, Bouillabaisse, Cheese
& Charcuterie and house made
Desserts. $$$
843.216.3434
www.bistrotoulouse.com
1220 Ben Sawyer Blvd,
Mt. Pleasant
Eggs Up Grill
Relaxed chain serving a menu of
breakfast, burgers & sandwiches in
a colorful setting. $-$$
388-3654
www.eggsupgrill.com
2664 Highway 17 North,
Mt. Pleasant
Sawyers
True to the low country, Sawyer's
On The Boulevard is surrounded
by beautiful Oak trees and done in
reclaimed wood on the inside with
copper tiles topping the bar area.
Local fresh shrimp and fish tacos
are a favorite here as well as some
of Charleston's best music 5 nights
a week. $$
843.388.5270
www.sawyersotb.com
1528 Ben Sawyer Blvd,
Mt. Pleasant
www.islandeyenews.com
FINANCIAL FOCUS
January 6, 2017
23
discontinue
them at any time
without notice.
Now, lets turn to a second type
of potential income-producing
asset: Real estate investment
trusts (REITs).
Different types of REITs
are available. For example,
equity REITs invest in and own
commercial properties, such as
hotels and shopping centers,
while mortgage REITs, as the
name suggests, own and invest in
property mortgages. Is one form
of REIT better than another?
Theres no simple answer. On the
one hand, mortgage REITs are
growth
plans, and this
necessity can affect their share
prices.)
Other
factors,
such
as
changing interest rates, will
affect the value of mortgage
and equity REITs differently.
Specifically, rising interest rates
will likely cause the market value
of the property mortgages inside
mortgage REITs to fall, whereas
High Tide
Jan 6
Jan 7
Jan 8
Jan 9
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
Jan 17
Jan 18
Jan 19
1:21am/1:52pm
2:28am/2:58pm
3:35am/4:04pm
4:39am/5:06pm
5:40am/6:05pm
6:36am/7:01pm
7:29am/7:54pm
8:20am/8:45pm
9:08am/9:34pm
9:54am/10:23pm
10:39am/11:12pm
11:24am
12:02am/12:09pm
12:53am/12:58pm
Low Tide
7:41am/8:08pm
8:51am/9:09pm
9:58am/10:10pm
11:00am/11:08pm
11:58am
12:04am/12:52pm
12:58am/1:43pm
1:49am/2:32pm
2:39am/3:19pm
3:28am/4:05pm
4:17am/4:51pm
5:07am/5:36pm
5:58am/6:22pm
6:52am/7:10pm
Source: www.saltwatertides.com
www.islandeyenews.com