To: JerseyHighlander
Many of these owners will take the insurance and federal grant money and run, simply put. What becomes of the property? Insurance companies don't take title, they settle the claim with cash. Do you think government grant money will require the property owner deed to the government, guess that would make it a sale though. Another choice, property would be abandoned?
To: RGSpincich; Torie
Combinations of Eminent Domain, land swaps, and interest levels of major developers. The state, parish and/or city will charter a new land claim court or commission, and force owners into the entity's arbitrage framework.
Obviously many other factors involved.
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