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CNBC Interview with LRE Foundation Repair After Sinkhole Opens Under Disney-Area Resort

Monday, April 6th, 2015 by LRE Foundation Repair


The sinkhole responsible for collapsing a building in the Summer Bay Resort in Clermont is just the latest among 19,000 known sinkholes in Florida, according to CNBC. They recently spoke with Paul Caldwell, president and CEO of the resort, who says that while the building was a total loss, they plan to look at other sites on the property on which to build.

Because the sinkhole might have been caused by recent heavy rain in the area, sinkhole contractors have been busy responding to calls from concerned residents.

CNBC interviewed LRE Foundation Repair, a leading sinkhole remediation company in Florida with over 25 years of experience. Frank Vitale, vice president and general manager of LRE told CNBC that they have completed over 4,500 sinkhole repairs. He says there are over 100 sinkhole contractors in the state, which just goes to show the need for these experts.

The question is whether sinkholes are becoming more prevalent because of an increase in building. LRE Foundation Repair recommends that residents be aware of the signs of a possible sinkhole on their property, and to call their insurance company right away if they suspect there might be a problem. LRE can stabilize the soil to make sure the homeowner and their property are safe.

Clickhereto watch the full newsstory at CNBC.


Since 1989, LRE Foundation Repair has been providing expert soil stabilization and foundation repair services throughout Florida. As the area's leadingsinkhole remediation company, LRE Foundation Repair delivers top-notch customer service while focusing on safety and teamwork and providing quality results in a timely manner. They provide 24/7 emergency sinkhole repair and free estimates for residential and commercial repair services.

our service area

We serve the following areas

  • Atlantic Beach
  • Bostwick
  • Brooker
  • Bryceville
  • Callahan
  • East Palatka
  • Elkton
  • Fernandina Beach
  • Fleming Island
  • Florahome
  • Glen Saint Mary
  • Green Cove Springs
  • Greenville
  • Hampton
  • Hastings
  • Hilliard
  • Jacksonville
  • Jacksonville Beach
  • Jasper
  • Jennings
  • Keystone Heights
  • Lake Butler
  • Lake City
  • Lawtey
  • Lee
  • Live Oak
  • Lulu
  • Macclenny
  • Madison
  • Mc Alpin
  • Middleburg
  • Neptune Beach
  • Orange Park
  • Palatka
  • Palm Coast
  • Penney Farms
  • Pinetta
  • Ponte Vedra
  • Ponte Vedra Beach
  • Putnam Hall
  • Raiford
  • Saint Augustine
  • Saint Johns
  • Sanderson
  • Starke
  • Waldo
  • Wellborn
  • White Springs
  • Worthington Springs
  • Yulee
Our Locations:

LRE Foundation Repair
1115 South Main Street
Suite 101
Brooksville, FL 34601
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LRE Foundation Repair
2150 34th Way N
Largo, FL 33771
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