And rebuild the infrastruct, the ports, etc, that way? That analysis was pretty stupid.
On the contrary, I think it was spot on. $400,000 is plenty for the families to relocate someplace that doesn't need the infrastructure rebuilt now nor every few decades.
Let commercial interests rebuild the port, and either pay for higher levees or pay to rebuild every few decades.
Zone the whole area to be limited to oil and fishery support, anybody else is there at their own risk. (Not that I like zoning, but I hate paying for somebody else's stupid risk taking.)
No, the analysis was STILL stupid, because the 400K included the infrastructure price. That figure should have been calculated w/o the infrastructure included, and THEN your analysis would be correct.