Did the same thing to a neighborhood here in Pittsburgh. It occupied a few streets along a creek bank, and would literally flood every other year. With all the other available housing nearby it was much cheaper to buy them out than to continue doing semi-annual cleanups.
Sometimes a cigar is just a cigar.
I am aware of FEMA conditioning their insurance payouts on rebuilding in another location (higher ground). That is a decision they made based on actuarial tables.
Cuomo’s money isn’t FEMA money...its Sandy Pork money.
Did these people have insurance? Homeowners? FEMA?
Quite frankly, why is it the government’s job to intervene in this real eastate situation? If these homeowners are rewarded for not having insurance, what incentive does anyone else have to carry insurance on Staten Island?
I might change my tune (a little) if there are alot of empty lots on Staten Island that these people are going to build on...but I don’t think that’s the case.