I agree on the short term lift, lots of new money will be dumped into the area to be spent. However, my fear is that folks will take the insurance money to use as down payment on a new house in a new city.
And the PC economy is old fashion local commerce. Doctors, attorneys, small business owners, service guys, and sales people. The beach tourism has a very small economic impact on PC, at least compared to PCB. PC gets none of the bed tax, the money the tourist do bring in would be grabbing gas a lunch on the way out of town. Now the beaches and salt life in general are big drivers for people to move here, so hopefully that will keep some of the folks around.
Time will tell, I know our family isn’t going anywhere.