Market value of Fort Harrison downgraded from $16.7M to $7.7M between 2008 and 2009 Not sure what to make of this. I went to see the latest info on Fort Harrison at the Pinellas County Property Appraiser's Office, and saw that the Fort Harrison was appraised much lower in 2009 relative to 2008: $7.7M vs. $16.7M. Historically, one would have to go to before 1987 to find an appraisal around $7.7M. The Appraiser's Office define the value as follow: Was the real estate crash that bad down there in Clearwater? Also, didn't the Fort Harrison just completed expensive renovation in 2009 ($40M we are told)? Scientology church gives Clearwater's Fort Harrison Hotel a $40M makeover - St. Petersburg Times WTH?