There is not enough volume for them to justify leaving it open, there is just lack of interest. That is what I gathered from a read today.
This similar sort of thing(Gold mine of a different type) has been happening in Florida where the Mom & Pop motels, shops etc.. get pushed out. One scenario in the past was that the property taxes would be raised based upon what a high rise condo/hotel could bring in, in the way of taxes. Mom & Pop could not afford to pay the astronomical tax bill, so would be forced to sell.
No Big Horn is right. Get some insurance, 20 years from now you will be glad you did, unless the government sells us all to foreigners, like the one in DC.
Damn interesting story, this story sounds like a taking to me. Once again the heavy hands of the Federal Gov't in action. God what has happened to this country?