Pensacola Business Journal: "In September 2004, things were looking up for Perdido Key.
Property values soared, seemingly without limit. A dozen high-rise condominiums sprung up, some towering 20 stories above the white sand of the narrow barrier island.
There was a hotel, a fledgling tourism industry and a fleet of rental boats. Perdido appeared well-poised to become a laid-back alternative to the hustle and bustle of tourist destinations like Destin, Panama City Beach and Orange Beach.
But Hurricane Ivan changed everything."