This is an article all should read when examining the heart of what Galveston will be enduring in the days, months after Hurricane Ike. This article details the ongoing efforts of state, city, and UTMB officials, who are working to try and save our medical centers existence. The University of Texas Medical Branch is the backbone of Galveston's economy. It is the LARGEST employer on the island. The thought of last weeks 4000 job cut sent chills down our cities spine. This DIRECTLY effects the real estate market in Galveston Texas. Without jobs we have no need for our citizens to live in the houses that are currently being rebuilt in Galveston. They will flood the market with homes and leave to find work. 75% of the homes in Galveston were damaged during Hurricane Ike.
Here is an article that was featured today in The Galveston County Daily News.
http://www.galvnews.com/story.lasso?ewcd=4d577e75f6e05bb4