At least one property development company thinks the time is ripe to buy real estate in the current slump. In sleepy Anna Maria Island an investment group has been buying up properties, some historic, with the intent to create historical looking residential over retail buildings. Anna Maria lies on the Gulf of Mexico between Tampa and Sarasota but has no through roads. All traffic must arrive and leave by bridges so Anna Maria City has little traffic. This developer seems to think he can attract enough business for his real estate redevelopment project.

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