Here's a nasty one. I heard that HTA has stopped buying health benefits for it's employees and has cut everyone back to part time status. What an appalling thought! Ed Swift has been a lightning rod for criticism in Key West among people irritated by the growth of tourism in the city beyond the bounds of what they thought was proper. I've never met the man but I've seen him around town and heard him make passionate speeches in support of affordable housing. Cynics argued that was a way to get government subsidised homes for his myriad workers but Ed Swift, the most visible of three partners of HTA, has an interesting history in the city of Key West.
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Imagine Key West as a failing enterprise in the 1960s. It was a tiny beach town with nothing much to offer (!). The Navy was withdrawing many of its personnel, the city had no income and past booms had dried up. Key West smuggled quantities of merchandise in it's history, most recently alcohol during prohibition, but the boom years of post World War Two America had passed the little town by. Marijuana smuggling became big business for a while in the seventies but fishing and boozing were it, mostly. Communications were awful, five long hours to drive to Miami, weak electricity supplies and fuzzy phone lines. The town was crumbling.
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Ed Swift and some others bought up distressed storefronts on Duval and bet they could turn the city around. I've heard tell the stories of what it took to make Key West return from the dead and it was a huge gamble. There were others, young Pritam Singh, notorious for camping on Christmas Tree (Wisteria) Island as a "hippy" returned and created with some enormous difficulty the Truman Annex. Tony Falcone and his late partner anchored Duval Street with their eclectic department store and gay America came, not for the sailors but for the friendly guest houses in a mild winter climate.
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I heard Ed Swift at a city commission meeting one night some years ago, during our last boom time. Tall balding and shy in public he gripped the lectern and argued forcefully for the working stiffs of Key West. I still remember his most memorable phrase that night ".....I've been lucky and Key West has made me a wealthy man..." which in a world where people deny reality all the time I thought was a statement that took a lot of guts. People that worked for HTA made a good living too from what I heard. I had no desire to drive a trolley or Conch Train despite rumored income of $40,000 or more. With health benefits. Thats one way to spread the "good luck" around.
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Some people may still enjoy tearing at a man who had the guts to follow his dream and make it come true, but I hope the rumors are exaggerated and HTA and it's annoyingly slow trains survive the tourist crunch, however serious it may or may not be. Good people need good work, if nothing else. Swift has annoyed me at times, his lawsuit against the TV company that filmed next to his home, the rumored re-routing of Navy jets away from the island where he lives to cover the poorer sections of Stock Island, and those bloody slow poke trains. But if Ed Swift is hurting we will all be hurting too because he's smart and hardworking and whatever else he has done he has made Key West a town worth living in. I wish him, and his workers, well.
12 comments:
What's good for GM is good for America and what's good for Ed Swift is good for Key West. Ed deserves a bailout.
".....I've been lucky and Key West has made me a wealthy man..."
Made him wealthy on easy money that Key West mortgagees are about to pay back.
When money gets tight people don't travel for vacations. And Key West depends heavily on tourists. Their whole economy is based on visitors to Key West so it isn't very suprising that there is trouble in paradise. We do hope he survives and thrives.
you might want to ask the folks at Ducks Tours about Mr. Swift. Or better, do a post on your thoughts about the Ducks case.
John, I don't think Ed Swift made "easy money" on Credit default Swaps, but I suspect like all of us his company must be hurting from lack of credit and cash flow.
The Duck case: A rival tour group using DUKW military surplus amphibious vehiclesoperated in key west for a while. Te city had given HTA exclusive motorized tour group rights and the Ducks were supposed to board passengers, drive into the harbor and make their audio tour on the water only. HTA protested a violation of their monopoly the city supported them and shut down the Ducks. A decade later the city was found to have violated the Ducks rights and was the object of I believe a 13 million dollar judgement yet to be paid and increasing daily.
I don't the think the City Commissioncof the day did anyone any favors when Ed Swift tried it on. He settled separately with Duck Tours and is out of the mess now.
The Truman annex is my least favorite part of town. If it wasn't for Fort Zach I would avoid it completely.
As for guts, I tend to believe that the cops walking Duval at 3 AM have a lot more than any businessman.
Its different. There's no question that the cops have a great deal of nerve but I think putting everything you own on the line to fuel a hope takes guts, perhaps because I find it so impossible. As for Truman Annex, I'm not fond of it either but we are stuck with it. The economic implosion came too late, perforce to stop all the uneeded development around the former Atlantic Shores too...
Did Atlantic Shores turn from alternative lifestyle, clothing optional club to condos then? I still recall walking by there and hearing the "ush ush ush ush ush" of the dance music, or hearing the audio of movie night.
Not being stereo-typical, but it was what it was. Sucks to see something go that I believe had fond memories for many.
I think I agree on the guts ideology for both cops and business men, but it is a very different side of the coin for each.
Ed Swift is a joke he has built condos and destroyed part of old Key West and now hes feeling the hurt lately rumors are stating his cash flow is going down the drain and if so im happy
Ed Swifts company arbitrarily fires employees without cause. As far as buying property here when the town was in trouble, most was at a very cheap because of a incentive by President Carter to keep the city from blowing away. Afordable housing - afordable for who? Certainly not his employees.
I am Teamster and it's nothing like when I was in the union in California. Welcome to the right-to-work state. Want change? Join a union.
Ed Swift is better than some and don't expect me to name names. I don't like working to make private sector bosses rich.
He pays his people crap wages. $1400-$2000 a month is not enough to live in this town.
Don't let the hype fool you. He's a con man.
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